AdrianRaymondFX
Long

Major silver reversal on the horizon?

FX:XAGUSD   Silver/U.S. Dollar
Given the dramatic short squeeze at the beginning of the month, price action suggests that silver             might be set to rally further as 2014 comes to a close. Most silver             traders have already taken note of the long term trend line that seems to have been hit on the 1st. I had initially identified this trend line as being around the $13.50 level (this week's low was at $13.97-99).

I've suggested in a related idea that silver             may give further bullish signals in the next couple of weeks, especially if it manages to break above the three-year bearish trend line currently at $17. Please take a look at my daily chart setup in my previous ideas suggested to see better what traders looking to go long should be watching out for towards the end of the year.




or is Silver ready to dive once it breaks support?
+1 Reply
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