SLV is currently trading within an ascending channel.On three occasions,
SLV has touched the daily 150 Simple Moving Average (SMA) and reversed upward, indicating strong support at this level.This presents a potential entry point with favorable risk management opportunities.
Suggested stop-loss placement: just below the 150 SMA on the yellow lower boundary.
This is not a recommendation or financial advice
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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.