We've confidently broken through the support levels at 32.40 and 32. The chart looks strongly bearish, and there's a high probability that the downward move will continue. I expect the price to reach the 30.80–31 area, where I'll be watching the consolidation to consider a potential long position.
Overall, I remain very optimistic about the commodities market this year. Silver has yet to fully realize its growth potential, so after these broad pullbacks, it’s likely to continue pushing toward higher levels.
For now, it’s too early to go long, and I won’t be participating in the short move.
📝Trading plan:
Waiting for a lower price to continue buying.
Overall, I remain very optimistic about the commodities market this year. Silver has yet to fully realize its growth potential, so after these broad pullbacks, it’s likely to continue pushing toward higher levels.
For now, it’s too early to go long, and I won’t be participating in the short move.
📝Trading plan:
Waiting for a lower price to continue buying.
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.
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.