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🍁Analysis after silver crosses historical peak again

Silver is generally on an upward trend, breaking through historical highs and currently forming a new high near 57.50. This area is promising for further gains, but it is not recommended to buy or enter this area as there is currently no opportunity to form nor any support area to look for opportunities.

The current support area is 53.00, marked in purple. If the price corrects downwards towards this area, we wait for a buying opportunity to form within the general uptrend.

🍁The analysis published on this page is intended to educate rather than implement recommendations.

CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

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