From TradingView · · 50s
Silver hits 60-day low at 53.46
Silver drops to 53.46, lowest in 60 sessions, with no rebound since September.
In brief
Silver drops to 53.46, lowest in 60 sessions, with no rebound since September. Silver hit a 60-day low of 53.46, trading below 53.8 with no higher prices since September. Originally reported by TradingView.
Silver price drops
Silver slipped to 53.46 this afternoon, the lowest level in 60 sessions, and is trading around 53.8 as I write, down about 1.5% on the day.
Downtrend pattern
The highs: 68.3 early September, 67.5 on 21 September, then 62.1, 61.5 and 58.6 on 19 October. The lows step down in the same rhythm: 62.3, 59.7, 58.5, 55.4 and now 53.5.
Key support levels
Levels I'm watching: 53.46: today's low. A daily close below it extends the trend. 55.40: the 13 October low. Old support, and now the first place I'd expect sellers on a bounce.
Here's the gist
Silver hit a 60-day low of 53.46, trading below 53.8 with no higher prices since September.
