As we mentioned in our previous forecast, Silver continued to climb inside our bullish channel, bouncing back from the descending line. For this week, we anticipate the price to make a new top before correcting deeper. If you are not in the buy, wait for this correction to finish, as it could be a good investing opportunity. Don’t forget that we are in a strong weekly bullish trend and in the medium-term we expect the price to reach at least the $35 level. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
@Basselkl, Not as yet. We need, the bias is the same, for now. The pullback can occur anytime. :)
financialflagship
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@Basselkl we need a confirmation, even if we broke the channel. if we get a sharp move down followed by a flag, then we might change the trend short-term. if we get a sideways move here, then the analysis will be invalid.