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BenjiMiller
Nov 6, 2019 9:32 PM

SILVER: encouraging signs Long

FX:XAGUSD240
Silver/U.S. DollarFXCM

Description

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Well, its been a challenging few days for metals bulls the past few sessions but I believe we have encouraging signs, as indicated by SILVER.

As you can see, silver has come back above the critical channel support line.

I still see a solid push coming in the next several trading sessions to form Wave X.

Cross your fingers metals bulls.
Chart PatternsTechnical IndicatorsWave AnalysisSilverGold
Comments
BobbySpa
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I was actually looking for a little more strength from silver today. Silver has a legit shot at 20 in the next couple months. Need that breakout day!
BenjiMiller
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@BobbySpa, I'm still predicting that gold & silver fall lower after the rally we get in the next week. Then rallying to new highs in the first few months of next year...
BobbySpa
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@BenjiMiller, making us work for that rally. What are your downside targets for the metals before their move back up?
BenjiMiller
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@BobbySpa, look at the gold trendlines in my charts.
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