Categories: Technical Analysis

New High or a drop down?

Hi friends,

I am with both eyes on Silver price. It is on its very critical level, and I think if it manages to break up it could push all the way to 33.5 level or even higher.

Alternatively, there is 4H bearish divergence so a break down the 4H trend line will lead for a down move to 31.5 or even 31.

So what’s the direction? No one knows now, if I have to bet, I bet up but it is a BET only! As we are just about to have the vote about debt ceiling in USA. ALL could turn after that.

Here’s my chart about the silver (click to enlarge):

I wish you a wonderful day and good forex trading

Yours,

Vladimir Ribakov
http://www.divergenceuniversity.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

View Comments

Recent Posts

Shares And Bonds Surge, Oil Slides On Iran Deal

Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a…

7 hours ago

Weekly Summary And Review 12th June 2026

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of June…

3 days ago

Peace Hopes Steady Europe Ahead Of Expected ECB Rate Hike

Europe's markets ​firmed on Thursday as reports of ongoing peace talks between the U.S. and…

4 days ago

Forex Market Analysis & Day Trading Opportunity | NASDAQ | 11 June 2026

Hi Traders! NASDAQ short term forecast and technical analysis is here. We do our analysis…

4 days ago

GBPJPY Short Term Forecast Update And Follow Up

Hi Traders! GBPJPY short term forecast update and follow up is here. On April 16th,…

5 days ago

Forex Market Analysis & Day Trading Opportunity | GBPAUD | 10 June 2026

Hi Traders! GBPAUD short term forecast and technical analysis is here. We do our analysis…

5 days ago