🔺Silver’s price has fallen from our previous analysis area. Strong confirmation suggests selling the swing and setting a take profit at the $47 or $48 level is more suitable for swing buyers. This area needs filling as it’s left a significant liquidity gap.
🔺Our view is the price could reach $59 or $60 before dropping. Our primary swing target is $47, a bearish move of about 1100 pips. However, this analysis can also be used for intraday trading given the market’s volatility. For a 1100-pip drop, similar fundamental support is needed. If you agree, please like and comment.
Good luck and trade safely!
Team Setupsfx_👨💻❤️
🔺Our view is the price could reach $59 or $60 before dropping. Our primary swing target is $47, a bearish move of about 1100 pips. However, this analysis can also be used for intraday trading given the market’s volatility. For a 1100-pip drop, similar fundamental support is needed. If you agree, please like and comment.
Good luck and trade safely!
Team Setupsfx_👨💻❤️
FREE TELEGRAM GROUP: t.me/ssetupsfx_success
Looking for intraday signals on Forex and XAUUSD (GOLD)?
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Looking for intraday signals on Forex and XAUUSD (GOLD)?
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Related publications
Disclaimer
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FREE TELEGRAM GROUP: t.me/ssetupsfx_success
Looking for intraday signals on Forex and XAUUSD (GOLD)?
Use our bot: t.me/SwingTradersUK_BOT
Looking for intraday signals on Forex and XAUUSD (GOLD)?
Use our bot: t.me/SwingTradersUK_BOT
Related publications
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.
