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

GBPAUD Short Term Forecast Update And Follow Up

Hi Traders! GBPAUD short term forecast update and follow up is here. On February 25th,…

8 hours ago

Forex Market Analysis & Day Trading Opportunity | USDJPY | 5 May 2026

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

10 hours ago

Oil Jumps After Iran’s Navy Said It Halted A US Warship

Brent crude oil jumped over 5% on Monday and the dollar strengthened after Iran's navy…

1 day ago

Weekly Summary And Review 1st May 2026

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

4 days ago

Yen Jumps 3% In Biggest Rally Since Late 2022 After Officials’ Warning

Japan's yen surged 3%, the most in a day in over three years on Thursday,…

5 days ago

Forex Market Analysis & Day Trading Opportunity | ETHEREUM | 30 April 2026

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

5 days ago