Long
Silver will break out soon. Target $50/oz
Silver broke out of a descending wedge last week, confirmed so far by staying above the decline and there is a lot of momentum because of inflation fears. The price was likely suppressed into the dip anyways, as we know thats common, and the same market factors that pushed down bitcoin in the spring affected Silver too. Now Bitcoin has pumped back and silver will likely follow.
The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days.
Maybe you could hav fun longing Silver but I prefer to just buy physical.
Happy trading!
The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days.
Maybe you could hav fun longing Silver but I prefer to just buy physical.
Happy trading!
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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.
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.