Leo-btm

Silver, is it time to short?

Short
Leo-btm Updated   
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver / 1D

Hello traders, welcome back to another market breakdown.

Silver has been trading in a down trend based on the Weekly time frame. The price had a deep pull-back. We notice the trend line has been rejected twice which suggets at least a pull-back on the bullish move.

I'll be waiting for a position higher for lower risk. First target for the bears would be 22.

Trade safe,
Trader Leo.
Trade active:
Stops to breakeven.
Trade active:
Running Nicely.
Comment:
Target reached

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.