{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/silver-upside-still-possible\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/silver-upside-still-possible\/","headline":"Silver Upside Still Possible","name":"Silver Upside Still Possible","description":"Silver increased today after testing and retesting some support levels. The bias is still bullish despite the most recent drops. The price of silver moves somehow sideways in the short term trying to accumulate more bullish energy before resuming its upwards movement. Today\u2019s EU remarks regarding Brexit, BOC, and the US inflation data that will […]","datePublished":"2021-06-10","dateModified":"2021-06-10","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/silver.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/silver.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/silver-upside-still-possible\/","about":["Silver"],"wordCount":191,"keywords":["silver","Technical Analysis","Trade idea","Trade Setup","XAGUSD"],"articleBody":"Silver increased today after testing and retesting some support levels. The bias is still bullish despite the most recent drops. The price of silver moves somehow sideways in the short term trying to accumulate more bullish energy before resuming its upwards movement.Today\u2019s EU remarks regarding Brexit, BOC, and the US inflation data that will come out tomorrow have added some risk-off sentiment into the markets.Technical AnalysisSilver has tested and retested the 23.6% retracement level and now is back above the pivot point (27.795). Making a new higher high could signal a potential upside breakout through the descending pitchfork\u2019s upper median line (uml).Its failure to come back towards the median line (ml) signaled that the downside is over and that XAG\/USD could increase. Still, we cannot exclude a minor decline from the upper median line (uml).The rate could decrease a little after today\u2019s rally before resuming its upside movement towards the higher high. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}