Silver closed a lofty 7%+ in to last weekly close, putting it's price at 20.84$ per ounce.
Corrections may be anticipated on the short term time frame.
On the other hand, Macro seen on logarithmic scale, Silvers seems to be trading inside a bullish pattern (ascending triangle) which may take quite a while to break-out to the upside.
Just found it interesting to share this view for all precious metals investors who patiently try to accumulate and DCA , speculating a positive future outlook.
I think there is nothing to fear and there is no reason to question their future, however, worth mentioning is that during these inflationary times we've been through, Gold & Silver didn't perform that well as hedges against inflation.
That of course, can be countered as an argument taking notice of 'The Rallying Dollar' $DXY.
Are you investing on Precious Metals ?
What is your own speculative future outlook over their demand ?
Feel free to express your idea and your charts at the comment section down below .
TRADE SAFE
Note that this is not Financial Advice
Please do your own research before investing or partaking on any trading activity based soly upon this idea
Corrections may be anticipated on the short term time frame.
On the other hand, Macro seen on logarithmic scale, Silvers seems to be trading inside a bullish pattern (ascending triangle) which may take quite a while to break-out to the upside.
Just found it interesting to share this view for all precious metals investors who patiently try to accumulate and DCA , speculating a positive future outlook.
I think there is nothing to fear and there is no reason to question their future, however, worth mentioning is that during these inflationary times we've been through, Gold & Silver didn't perform that well as hedges against inflation.
That of course, can be countered as an argument taking notice of 'The Rallying Dollar' $DXY.
Are you investing on Precious Metals ?
What is your own speculative future outlook over their demand ?
Feel free to express your idea and your charts at the comment section down below .
TRADE SAFE
Note that this is not Financial Advice
Please do your own research before investing or partaking on any trading activity based soly upon this idea
Comment:
XAG pre- X' date of Debt Ceiling
*W (tf)
Lose 0.5 Trend based Fib, more downside to come.
3Day until Weekly Candle body Close
Great buying opportunity for the moment with a small risk, using tight STOP LOSS
TRADE SAFE
XAG pre- X' date of Debt Ceiling
*W (tf)
Lose 0.5 Trend based Fib, more downside to come.
3Day until Weekly Candle body Close
Great buying opportunity for the moment with a small risk, using tight STOP LOSS
TRADE SAFE
Comment:
$XAG since Covid's outbreak (2020)