Silver - Wednesday, Jan. 23
Let’s focus on a longer-term view of the daily candles. The overhead resistance shows that the market is still on a downtrend (and thus the recent bounce from the 14s can be considered a corrective move), but the 200-DSMA (below the market) can work as a good support level even for more long-term oriented positions.
(Click on image to enlarge)
source: investing.com
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