awh2830

Silver, Clearly a massive breakout

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver broke out of a huge multi month basing pattern on massive volume. Last weeks trading volume was the equivalent of 5 years worth of production. The resistance was $19. I expect it to cool off here as August is a cyclical weak month. It will probably retest the break out level. Long term very bullish set up.
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.