Silver: ⬇️ Sell
- Silver broke the round support level 100.00
- Likely to fall to support level 70.00
Silver under strong bearish pressure after the price broke the round support level 100.00, intersecting with two up channels from January and November.
The price just broke the lower trendline of the daily up channel from November – indicating further losses for Silver ahead.
Silver can be expected to fall to the next round support level 70.00, which stopped the previous intermediate correction (4) in December.
