& Xinhetai Precious Metals Agent | Xinhetai Precious Metals Personal Agent | Xinhetai Precious Metals Company Agent Ms. Tan | What information < c=_c> But this seems to be the opinion of the website. Bloomberg’s bullish article on silver predicts that silver prices will rise after the Brexit referendum. B also explains why the price of silver must rise through fundamental discussion. That's all well and good, but serious investors should realize: they are the media.
Media articles are generally not a solid foundation for flexible investing.
Analysis from Investment Haven shows that a red flag marks silver when it hits a triple resistance level, visible on the long-term chart (see chart above). In fact, the triple resistance level is no coincidence and should be taken seriously. Since then, silver's annual rally has all but stalled, leading to a sharp pullback this week. This article believes there is more downside potential in this pullback.
Where could silver fall next year?
The answer is very simple. As can be seen from the chart, the primary target is the US dollar, which may fall to this price in the first half of the year. If this support zone is broken, the most bearish scenario could be for silver prices to fall towards the US dollar.
However, this article does not predict that silver will fall to the US dollar this year, but it does not rule out this possibility. Another bearish scenario is that silver could fall to the dollar's 2020 and 2020 lows. In the short term, the U.S. dollar is also possible.
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