TVC:SILVER   CFDs on Silver (US$ / OZ)
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Silver has broken out of the negative trend channel - as Gold has it done before.
One big candle out of the channel!
The ascending wedge is showin the potential: up to 14.884$ - where a swing trend line is waiting for resistance.
To confirm a new bullish trend Silver has to break it and then it has also to break the long descending trend line , coming from 2011!




And after having broken this important resistance it could continue to the next resistance level: fib retracement 23.6% at ~15,50$.

The indicators are showing strength and momentum! The Silver price is actually on the EMA-50 niveau.

This is no trading advice.
Oct 02
Comment:
Oct 02
Comment: confirmed the last analysis - now heading the next resistance as shown in graph
Oct 26
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