FX.co ★ lstanton | XAG/USD, SILVER

SILVER is within the price channel of 4/8-5/8. In terms of priority solutions regarding perspectives, I continue to consider the following possible trading cascade models: further downward movement of silver towards the 3/8 level, reaching the boundary of the main support/resistance level of 4/8 (37.500), breaking it from top to bottom, and the metal closing below this boundary. The nearest target of the downward movement is the boundary of the auxiliary level, which is within the range of the 4/8 level boundary. The scheme used as a guide for short-term/medium-term perspectives remains unchanged.