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After testing 23.8150 numerous times, Silver DECEMBER 2020 is once again approaching this price point. Can we expect a bearish trend to follow?

The movement of Silver DECEMBER 2020 towards 23.8150 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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Support line breached by JPN225. This price has been tested at least twice before.

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Jpmorgan Chase & Co. is quickly approaching 99.89. We expect either a breakout through this line, or a rebound.

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