CFDs on Silver (US$ / OZ)
Long
Updated

Silver - Just Starting The Parabolic Rally!

2 569
Trading update on Silver (SILVER):

snapshot

Click chart above to see the detailed analysis👆🏻

Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.

Levels to watch: $34, $45

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Silver (SILVER):

snapshot

Click chart above to see the detailed analysis👆🏻

Silver is currently perfectly sitting at the previous major resistance and starting a minor rejection. This is all still normal price behaviour but it seems like bulls are still overall in control. Even if we see a retracement lower, the past of least resistance is much higher.

Levels to watch: $34, $45

Keep your long term vision,
Philip (BasicTrading)

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.