Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Silver market is increasing towards $30 level
SILVER Price Analysis – 20 June
Should there be substantial purchasing activity and Silver surpass $30 level, it would attempt to enter the $31–$32 region. If sellers are able to maintain the $30 price level and the $29 support level is broken, silver’s price may fall and test the $28 and $27 support levels.
XAGUSD Market
Key Levels:
Resistance levels, $30, $31, $32
Support levels: : $29, $28, $27
XAGUSD Long-term trend: Bullish
The long-term forecast for silver is positive. Due to a rise in customer demand last month, the price went up by more than $31. The white metal hit its previous high at the $32 barrier level as bulls stepped up their efforts to thwart sellers’ attempts and buyers held onto the level. Two weeks ago, when Bulls were unable to break above the $32 barrier level, a large daily bearish candle emerged. Initially, the market fluctuated between $29 and $30. Right now, the $30 barrier level is is the target.
Silver’s price is above the Hull Suite forex signals indication while the increasing histogram is above zero. The QQE MOD, one of the greatest indicators for forex signals, is currently showing a bullish signal. Should there be substantial purchasing activity and the price surpass $30, it would attempt to enter the $31–$32 region. If sellers are able to maintain the $30 price level and the $29 support level is broken, silver’s price may fall and test the $28 and $27 support levels.
XAGUSD Medium-term Trend: Bullish
The 4-hour XAGUSD chart exhibits an inclining pattern. At the $29 barrier level, a bullish pattern known as a bullish engulfing developed, signaling a significant shift in direction. The $28 threshold is the initial barrier to silver’s decline. Last week, the price hit $28 level and then bounced toward $30 level. The $29 support level was breached by the white metal. The bulls were able to maintain their position, and at this point the price is very close to $30 level.
At the moment, silver is rising and trading above significant dynamic resistance levels. The buy direction is further indicated by the QQE MOD.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
