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Silver Price Crash Not Over? Analysts Map Painful Drop Before Next Big Rally

Silver Price Crash Not Over? Analysts Map Painful Drop Before Next Big Rally

Photo: CaptainAltcoin

Silver’s retreat toward $52 has extended a painful decline, and several analysts believe the metal may still have further to fall. Their charts leave room for another setback before the larger recovery they anticipate can begin. The latest weakness follows approximately 9 weeks of declines within a broader retreat from a peak near $121. That puts silver roughly 57% below that high, although a large loss alone does not establish that a bottom is close. Shitij Kapoor, Investing Angles, and Crypto Patel have identified different areas where the decline could eventually settle.

Source: CaptainAltcoin

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