Cup and Handle Setup in Silver
Silver has just formed a Cup and Handle pattern, suggesting it may begin trending significantly higher soon.
This pattern is very similar to what we saw with Gold at the end of last year, where we also discussed the Cup and Handle set-up. At that time, my projection for Gold was that it would start trending much higher soon. From USD 2,000, it has now reached around USD 2,600, with more potential upside to come.
Micro Silver Futures
Ticker: SILZ4
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
This pattern is very similar to what we saw with Gold at the end of last year, where we also discussed the Cup and Handle set-up. At that time, my projection for Gold was that it would start trending much higher soon. From USD 2,000, it has now reached around USD 2,600, with more potential upside to come.
Micro Silver Futures
Ticker: SILZ4
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.