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Silver SEPTEMBER 2020 – breach of a trending support line that has been tested at least twice before.

Silver SEPTEMBER 2020 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 3 days and suggests a target line to be around 26.0276 within the next 10 hours.

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We expect a $1.318 movement on SB within 12 hours following the event release at 14 Aug 12:30.

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FRA40 – breach of a trending support line that has been tested at least twice before.

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