From TradingView · · 40s
Silver Fails to Match Gold's Strength
Silver lags behind gold as trendlines hint at bearish move.
In brief
Silver lags behind gold as trendlines hint at bearish move. Silver remains below key resistance levels, signaling potential bearish trend. Originally reported by TradingView.
Silver's Downtrend Continues
Silver's 4-hour chart shows a market struggling to reverse its downtrend while gold shows strength.
Key Trendline Resistance
The steeper descending green trendline tracks recent lower highs and is tested near $57.8, $58.2.
Two Scenarios to Watch
Bearish continuation: rejection at the steeper green trendline followed by a break below $57.0. Bullish recovery: a decisive close above the green trendline and recent highs.
Author's View
Bearish below the controlling green trendline with potential shift to neutral if silver breaks above resistance.
What to remember
Silver remains below key resistance levels, signaling potential bearish trend.
