The price of silver has rebounded on the swing trend line (support) and rose quickly back to the upper limit.
RSI is bullish - not oversold and MACD signalling a positive trend (signal line just triggered).
The vola of EMA 50 has been lowered - perhaps a good sign for the near future?
Buy: if silver leaves the trend channel to the upside - aim is the swing trend line at 17.18$.
Stop (or no action required): if silver rebounds at the resistance (limit of trend channel) and falls back
RSI is bullish - not oversold and MACD signalling a positive trend (signal line just triggered).
The vola of EMA 50 has been lowered - perhaps a good sign for the near future?
Buy: if silver leaves the trend channel to the upside - aim is the swing trend line at 17.18$.
Stop (or no action required): if silver rebounds at the resistance (limit of trend channel) and falls back
Comment:
Comment:
Another attempt to break the resistance (upper limit of the trend channel) failed.
Dows this mean Silver will fall back on the bottom of the trend channel?
There is still some hope, that it trys again, following the trend (arrow).
RSI is bearish but slightly above the trend line and MACD is neutral.
From Gold no support is to be expected as it´s weak again.
I can imagine that Silver continues to stay within the trend channel but in the upper third.
When markets are changing in favor for precious metals - and this is near - Silver will break out of the channel.
Dows this mean Silver will fall back on the bottom of the trend channel?
There is still some hope, that it trys again, following the trend (arrow).
RSI is bearish but slightly above the trend line and MACD is neutral.
From Gold no support is to be expected as it´s weak again.
I can imagine that Silver continues to stay within the trend channel but in the upper third.
When markets are changing in favor for precious metals - and this is near - Silver will break out of the channel.