Silver Price Today: Analyst Warns a Crash Could Send XAG/USD to…
Photo: CaptainAltcoin
Silver is trading around $57.42 after bouncing from the $57 area, but the short-term chart still looks fragile. Trader PremiumTrader57 argues that XAG/USD is compressing beneath a descending bearish trendline after failing near $58.00. The key battle is now the $57.00-$57.10 support shelf. His setup is simple: either that support gives way and opens another drop, or buyers finally break the trendline and force a relief bounce. Silver Price Forecast: $57 Is the Level That Decides the Setup On the one-hour chart, silver has spent the past several sessions making lower highs beneath the descending trendline.
Source: CaptainAltcoin
