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After testing 27.2050 numerous times, Silver JULY 2021 is once again approaching this price point. Can we expect a bearish trend to follow?

The movement of Silver JULY 2021 towards 27.2050 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 11 hours, 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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We expect a $0.059 movement on NG within 4 hours following the release of Industrial Production YoY.

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