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Silver Futures

Just a lil' higher! 📈

By MarketIntel
Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen, it is essential that we do not generate new highs above $29.90. As soon as we reach the turnaround area indicated in yellow, we evaluate short trades.

Ideas, comments, and discussions are welcome!
✌🏿 Happy Trading! ✌️
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MarketIntel

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