Silver reached the TP (TakeProfit) of my former Analysis
This Level is the key resistance level wehre a decisicion can be made:
1. Trying to catch the Breakout through the big resistance level with a Long Position entry 16,05$ sl 15,4$ TP 17.20 2. You don`t believe the resistance will break? Then a short Position at the actual level could be interesting. Entry @ 15,97, SL 16.20$ and TP 14.90$
The Chart seems to me bullish for me. I see a bullish flag with buy-Trigger at 16$ (stopbuy) Silver1.57% has crossed the sma 200 - this could be seen as a longterm buying-signal. ]
After the Breakout of the mentioned bullish flag, silver is consolidating at a high Level. Now i see the next chart-pattern: a wedge: With Prices > 17.5$ the wedge will be triggered and active. The Break could initiate the next buying wave up to the next TP @ 18,5$. Prices < 16.75$