Silver has made a top of 65670 six months ago. It has entered into a downward trend during the last week of November & has been falling since then, recently it has broken a very important support of 51000. The question arises now, what is next the move of silver?
If silver stays below 51000 for the next few days, it will try to find support near 48500. The zone from 51000 to 48500 is very important, where silver might dwell for a couple of weeks & move upwards but if it breaks the very crucial level of 48500 it will head for new lows.
If silver stays below 51000 for the next few days, it will try to find support near 48500. The zone from 51000 to 48500 is very important, where silver might dwell for a couple of weeks & move upwards but if it breaks the very crucial level of 48500 it will head for new lows.
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