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Augustus_Lee7
Sep 4, 2019 1:49 AM

Silver. Will it Break or Reverse?! 

SILVER (US$/OZ)TVC

Description

Silver has been on the move recently!! Its no secret that silvers price moves relative to gold, but the question I have is... Where would you go next? We are approaching resistance around the 21/22 range and I could see this going one of two ways. Price could either break higher or we could see a reversal which imo would lead to a possible triple bottom. Keep in mind that uncertainty in the market leads to a surge in speculative buying. That mixed with the relatively low price of silver, I wouldn't be surprised at a possible move to the 28 range
Comments
MarcellusKowolsky
I belive this time it's diffrent due the funamentals. The risk nowdays are higher than two years ago.
Augustus_Lee7
@MarcellusKowolsky, i definitely agree.
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