Silver Forecast: Potential Jump Ahead?

<p>Good day,</p>
<p>The price of the European currency has repeatedly pulled back from the broken uptrend, therefore it is likely to drop anytime soon. Currently, the asset’s price remains at the level of 1.1240, which is highly likely to get broken soon. It seems that the asset might pull back to the broken level and drop:</p>
<p><img class="alignnone size-large wp-image-45496" src="http://blog.tickmill.com/wp-content/uploads/2020/06/1-15-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/1-15-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-15-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-15-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-15.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>British pound might drop yet it has retested the horizontal at the level of 1.2750 and downtrend. The asset should drop soon after that.</p>
<p><img class="alignnone size-large wp-image-45497" src="http://blog.tickmill.com/wp-content/uploads/2020/06/2-8-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/2-8-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-8-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-8-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-8.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Having formed the daily bullish flag, the price of silver is trying to pull back from the uptrend. The asset has also gained some support at the level of 17.37. Hence, silver might even jump so let us wait and see what happens next.</p>
<p><img class="alignnone size-large wp-image-45498" src="http://blog.tickmill.com/wp-content/uploads/2020/06/3-6-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/3-6-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-6-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-6-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-6.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
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