Silver is consolidating near the 32.40 level on the hourly chart.
A breakout and confirmation above this level could offer a long entry opportunity.
The price has returned to an uptrend and has a strong chance of moving back toward the 34.00–34.50 levels.
A breakout and confirmation above this level could offer a long entry opportunity.
The price has returned to an uptrend and has a strong chance of moving back toward the 34.00–34.50 levels.
Trade active
A good buying opportunity. The price has consolidated. Overall sentiment in the commodities market is positive. I believe there's solid upside potential here, and a chance to make a nice profit.Note
I'll be adding a bit more silver to my position. 32.80 - 32.90 - it's a good level for scaling in!Note
Consolidation after the rally — actually looking quite good.The longer we stay in this range, the stronger the asset will likely shoot once it breaks out.
More chances for further growth, with a target of returning to 33. If that level is taken out, next targets are 33.60, 34.20, and 34.80. For now, I’m waiting for a return to 34.80.
Stop-loss below 32.15 if the price breaks lower.
Trade closed manually
32.50 I'm closing position here.Don't like what I see
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.