Silver Gains Momentum: Potential Breakout Ahead?

Good day,
The price of the EURUSD has closely approached the 1.2000 level. Hence, the asset might potentially pull from psychological support and jump. Let’s wait and see what’s about to happen soon.

The British pound remains next to the horizontal line, seemingly preparing for a potential drop. At that, the asset has been doing this for some time now. So, unlike the Euro, this asset might go in the opposite direction.

Silver has managed to test a very strong resistance at the level of 30.00, pulling back to the uptrend. The asset might eventually test the 30 level. However, this level is very strong so silver would need some time to do this.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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