I've been watching silver since the low 14s and have been long since. This is my first idea published so by all means take this with a grain of salt.
However, given the macro environment, the emergence of what looks like a bull market in precious metals, and the price action, I am quite confident Silver is heading up, short term to ~$22 USD and medium term ~$31 USD.
I am not a technical trader so there are probably errors in my lines, I am just drawing what I feel. I would buy on any sudden dips to the bottom of that triangle or below it, if those opportunities present themselves. I would aim to build a long position in Silver for many months, and possibly years.
Good luck, and feed back is welcome. Be Kind. Peace
However, given the macro environment, the emergence of what looks like a bull market in precious metals, and the price action, I am quite confident Silver is heading up, short term to ~$22 USD and medium term ~$31 USD.
I am not a technical trader so there are probably errors in my lines, I am just drawing what I feel. I would buy on any sudden dips to the bottom of that triangle or below it, if those opportunities present themselves. I would aim to build a long position in Silver for many months, and possibly years.
Good luck, and feed back is welcome. Be Kind. Peace
Trade active:
:)
Comment:
Fed Minute Out - Unlikely they will hike, looks like Silver is being held down, but a good buying opportunity here imo. Happy Trading
Comment:
Appears that we may see some rebound in the XAU/XAG ratio, and a swing lower for XAG, but all that should be fuel for a good rally. Stay tuned
Comment:
This is very bullish. I would build a long on any dips from here. Potentially an opportunity Friday with NFP. A fixed beat could smash it lower for a short time.
Comment:
Looks good, anything <$20 looks good for a buy to add to your long. Happy Trading :)