Silver at a Crossroads: What’s Next?
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The price of silver is approaching the key horizontal level of 30.00. At this stage, the asset’s price might either rebound from this level or get back under it and drop to the supporting level of 26.30. Hence, it would be important to follow the candlestick formations next to this support to predict the upcoming price movement.
The price of the Australian dollar is gradually moving within a large price range. The daily chart shows the broken downtrend formed between points 1 and 2. Should the price of this asset rebound to this downtrend, it might retest the downtrend and rise. So, let’s observe what might happen next.
The USA 10-year treasury yield has tested the broken uptrend and key return level of 2,5%. The yield is likely to drop soon.
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