30.06.202217:19 Forex Analysis & Reviews: Silver makes new lows for 2022.

Exchange Rates 30.06.2022 analysis

Green lines- bearish channel

Yellow line -support broken

Silver price is making today new 2022 lows. Price has broken below the May low of $20.41 and confirms that price remains in a bearish trend. With lower lows and lower highs, bears remain in control of the trend. Silver remains weak but as the RSI suggests with a higher low, this downtrend is weakening. Of course this is not a reversal signal, but only a warning. Price is inside the bearish green channel and as long as this is the case, bears will remain in control of the trend.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Alexandros Yfantis,
Analytical expert of InstaForex
© 2007-2022
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