Silver Price Movement For August 12, 2020.


On the 4 hour chart, we can see that Silver closed below the 27.330 level. The bearish bias is now strong. After Silver has touched the 23.965 level, it seems to be trying to bounce off. If the bulls enter the market, Silver may reach the 24.695 level. This scenario is unlikely to occur if Silver continues to drop and close below the 22.860 level.


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