The price of silver is currently trading at its lowest level of 2017 so far.
Although it may fall lower over the short term, our long-term price outlook is much more bullish .
If silver gets any weaker, it could retest the December low down at $15.75, which marked the end of its correction during the second half of 2016.
However, I think that’s a bit of a stretch. I’m not convinced silver will go that low. We may have seen the sell-off reach its maximum already.
With a nice bullish reversal candle on the 4H chart this might be the signal to go long. (just waiting for the close for execution)
Although it may fall lower over the short term, our long-term price outlook is much more bullish .
If silver gets any weaker, it could retest the December low down at $15.75, which marked the end of its correction during the second half of 2016.
However, I think that’s a bit of a stretch. I’m not convinced silver will go that low. We may have seen the sell-off reach its maximum already.
With a nice bullish reversal candle on the 4H chart this might be the signal to go long. (just waiting for the close for execution)
Trade active:
Going Long now
