Silver Price Analysis: Bears taking over and test bullish co

Silver Price Analysis: Bears taking over and test bullish commitments at key support


7/27/2021 12:10:21 AM GMT
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By Ross J Burland
Silver bears are taking the lead into the critical days ahead for the week.
Bears are testing the bullish commitments around a critical support structure. 
As per the prior analysis, 
Silver Price Analysis: Bears on the prowl, the market remains within a bearish as the week progresses towards the showdown event in the Federal Open market Committee meeting. 
Prior analysis
According to the weekly chart, silver’s bullish trend could well have met its apex and be set for a significant downturn in the coming weeks ahead.
The price has dropped below the dynamic weekly support line and from a daily perspective, the price is below the June-July support between 25.75 and 25.52. 

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