Technician
Long

Silver: Breaking Higher

FX:XAGUSD   Silver / U.S. Dollar
1138 6 14
Multiple bullish breakout on silver             ,
- The price has taken the short term falling trend line
- The price has taken 16.65 short term horizontal resistance
- Monster Pin bar and at long term rising trend line and 15 major long term support area .

I think the price will find support above 16.65 in the near term, a pullback towards 16.65-16.75 may find renewed demand, targeting probably a test of 17.80 then 18.50 resistance levels as initial upside target for this breakout.

Happy Trading :)
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My best regards,
Technician
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lose again :(
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what risk limit?
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Buy some physical bullion and stash it away for long term ;-)
+2 Reply
Patladj. afbitcoins
Yes do so, that;s a great plan to buy bullion, but first wait it to drop to $9 because it will drop to $9. Currently there's non existent Silver shortage and the dollar explosion is still pending....
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hi,Technician, Many thank's.
snapshot
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Hey Technician, that is a really good risk to reward ratio trade opportunity. Thank You for sharing !!
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