Long
Medium-term buy: silver
Based on channel.
Low RSI
Bottom of channel - risk of breakout but maintain tight SL to minimise risk
Low RSI
Bottom of channel - risk of breakout but maintain tight SL to minimise risk
Note
Bit of a scare as the resistance level was strongly tested, indicating risk of breakout. However, this has reversed with a strong bullish candle, indicating buying power in the market. The trend should now continue up to the identified resistance level turned support line @23.430.
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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.