Silver Awaits NFP as Price Holds Key Support Bullish Bias

Jan 8

Silver Awaits NFP as Price Holds Key Support Bullish Bias

Silver is currently stuck waiting for the NFP data. If the price holds strong at the current support area of ​​74.70, then there is a good chance that it will rise from the current area, but during or after the news.

In my opinion, in the worst-case scenario, silver could also fall with the red scenario I draw on the chart for a possible retest of the key support area near 71. This move could only happen from any major speculation during the NFP data tomorrow.

Overall, I remain bullish on silver.

Main targets:
82.30 ; 85 ; 90

You may find more details in the chart!
Thank you and Good Luck!

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Jan 9

Trade active

+4.4% so far ...be careful of the NFP data

Jan 12

Trade closed: target reached

✅The bullish momentum remains high, so the chances of reaching the third target also remain high.
All metals are only rising along with defense stocks. Trump created one of the biggest crises at the moment with his crazy ideas about invading Greenland and who knows what other plans he has in mind.

Jan 13

Note

Jan 14

Note