Silver Spot is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Silver Spot continues in its current trajectory, we could see it reach 32.6595 within the next 2 days.
Silver Spot is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
