Silver: Buy the Dip or More Downside Risk Ahead?
The bias for
SILVER
remains to the upside. The recent slight bounce in the dollar, which has occurred sooner than originally expected, has contributed to last Friday's selloff in commodities. Until proven otherwise on the chart, this recent shakeout remains a buy the dip opportunity and a great place for new buyers to establish initial positions.
Everything shared here is only my opinion and no results are guaranteed. Good luck!
SILVER
remains to the upside. The recent slight bounce in the dollar, which has occurred sooner than originally expected, has contributed to last Friday's selloff in commodities. Until proven otherwise on the chart, this recent shakeout remains a buy the dip opportunity and a great place for new buyers to establish initial positions. Everything shared here is only my opinion and no results are guaranteed. Good luck!
Trade active:
We've broken above the upper resistance, which is very bullish. As long as silver stays above the inclining brown support line, our thesis remains bullish and in tact.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!