Silver- Down trend over

COMEX:SI1!   Silver Futures
226 7 13
Alongside Gold             , Silver             is breaking out. The downtrend seems to be over. I explained my reasoning on the chart, this is a clear breakout that I am going to trade. Every daily retracement should prove a good buying opportunity.
Vlad nice to see you back again
in term of downtrend, i am much stringent, the price has to break hard above the upper downtrend line for me to declare end of downtrend
next target is yellow zone

vlad.adrian jangseohee
Thank you! As I said, I don't really use trendlines in my trading, I just think that the downtrend has ended. Fundamentally, with all the term oil ahead, Gold and Silver should sky rocket.
+1 Reply
vlad.adrian vlad.adrian
BillWestermann vlad.adrian
Still holding? Does the above mean $19.99 is your target?


vlad.adrian BillWestermann
Yes and yes, just below 20$ :)
BillWestermann vlad.adrian
Good one !

Hard to believe you pegged this at $16.30
vlad.adrian BillWestermann
Thank you! Fundamental analysis done by others helped.
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