“Silver Prices Today Up by 1% But Bearish Flag Hints at a Drop to $20” – Investing Cube #silver

TSI editor’s note: In an article posted to Investing Cube, Crispus Nyaga writes that according to his analysis of the technical position of the silver price on his charts, there is a possibility of further negative price movement ahead. According to Nyaga: “Therefore, although I expect the price will remain within this narrow range today, there is a possibility that the next break-out will be bearish. If this happens, the price will drop to the 50% retracement at $20.” Nyaga does note however that if silver breaks $25, the price could move the other direction and rise significantly.

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Continue reading at: https://www.investingcube.com/silver-prices-today-up-by-1-but-bearish-flag-hints-at-a-drop-to-20/

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