Long-term outlook for Silver remains bullish,
but over the past few weeks, early signs of a correction have started to appear.
The break below $36 and inability to reclaim the previous high
suggest sellers are slowly stepping in.
My key liquidity zone sits between $33 – $34,
and I believe a revisit of this area is needed before Silver can make a meaningful push higher.
Summary:
If we don’t see a daily close above $38.5 this week,
I expect the correction to start from current levels and gradually target my main entry zone.
but over the past few weeks, early signs of a correction have started to appear.
The break below $36 and inability to reclaim the previous high
suggest sellers are slowly stepping in.
My key liquidity zone sits between $33 – $34,
and I believe a revisit of this area is needed before Silver can make a meaningful push higher.
Summary:
If we don’t see a daily close above $38.5 this week,
I expect the correction to start from current levels and gradually target my main entry zone.
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.