TPOTrading
Long

Silver weekly analysis

FX:XAGUSD   Silver/U.S. Dollar
Silvers tend is up but it has some key levels pass:

1) A weekly close above 18.708 is another victory for the bulls.

2) there is a weekly supply level at 20.884.

3) 27.50 is the best supply zone on the chart and price has not yet been there.

the current weekly pin bar is due to stops being above the 18.708 level from everyone who was short. Question is really if the big banks wanted liquiditiy make a short move OR my preffered option..this is just a small retracement to absorb the shorts and price will continue pushing up. and.. silver             is going to explode to 27.50
DownUnder
8 months ago
As I understand you expect a small retracement this week before the lift off again... what can we expect as a suitable retracement ?
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TPOTrading DownUnder
8 months ago
I think there are two rally base rally levels below where price could bounce. I do not expect a retracement nesecary but it is a scenario.
snapshot

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DownUnder
8 months ago
Very unexpected fall, where do you think it will bounce back up from ? 20.00 ??
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TPOTrading DownUnder
8 months ago
Lets see if price can get through these two levels..rally base drop levels but not fresh anymore.
snapshot

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