SLV: time to invest in Silver?
Updated
# SLV is downtrend & has no reversal sign yet.
# Good margin of safety as the price is low.
# First sign of trend reversal is when SLV make a "higher high" by breaking above $15.50, second sign is "higher low", which is above $13.
# (if) Pulling back to new uptrend line is considered as healthy.
# Early Buy Entry: Point A, 2nd Buy Entry: Point B
# Good margin of safety as the price is low.
# First sign of trend reversal is when SLV make a "higher high" by breaking above $15.50, second sign is "higher low", which is above $13.
# (if) Pulling back to new uptrend line is considered as healthy.
# Early Buy Entry: Point A, 2nd Buy Entry: Point B
Trade closed: target reached
Price break above R15.5 and retested the level, and go higher.Note
Beware for Long position as Silver price has formed reversal.
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.