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Could silver fall toward $54 before the next major rally?
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ticker lesson
Breakdown
0:00Silver· ticker
Silver — $72 resistance, bearish pattern
- Silver hit $7205, 200-day MA, rejected
- Current price at $61, trend line broken
- Head and shoulders pattern breaking down
- Bearish flag forming
- Wicks on candles indicate bearish bias
1:44Silver· ticker
Silver — support at $58, long-term trend line at $54
- First support at $58
- Long-term trend line connects 1980, 2011 highs
- Double top at $54
- If $54 holds, bullish scenario
- If gold breaks $39.50, $54 may fail
1:45Gold· ticker
Gold — $39.50 level, correction expected
- Gold breaking $39.50 may invalidate $54 support
- Silver may not follow gold's rally
- Correction in time expected
- Accumulate silver now
- Gold and silver not likely to rip again
Informational only — this is In it to Win it’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.