Silver prices retreated on Tuesday after reaching the levels of the downtrend on the four-hour frame near the USD 28.00 levels.

We are targeting 26.50 levels in the near term.

If we look at the daily frame, we find that Silver is trying to form the harmonic bat pattern, which targets a strong fall of silver towards the levels of 23.50 dollars and around in the medium term.

As for breaking through the levels of 28.05/10, it is possible that Silver will rise near the levels of 29.00 dollars and we will see selling price behavior from it again.

It is worth noting that this week the US inflation data represented by the Consumer Price Index will be released, which will affect the movements of metals strongly.