Silver technical analysis - Support levels are close
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(Kitco News) - Silver has been moving lower in recent sessions and the main triangle pattern on the chart has broken to the downside. The question technical analysts are asking is where could the price find support next.
The next logical level is near $23.71/oz as it is a prominent wave low and then beyond that the consolidation low of $21.66/oz. If the price breaks there the bulls could be in trouble as it has not been broken since 22nd July 2020.
On the upside the next level to watch out for $26/oz high volume node. Beyond that, $30/oz is key.
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