Get started
KQMarkets

Silver - Long - Upside Potential if Key Resistance Level Broken

Long
Silver / U.S. Dollar (FX_IDC:XAGUSD)  
KQMarkets  
FX_IDC:XAGUSD   Silver / U.S. Dollar
Support and Resistance Fibonacci Beyond Technical Analysis Silver buy LONG
3
0
supportandresistance fibonacci beyondta silver buy long
We are currently long Silver and believe we that prices will continue to rise if the $17.30 resistance level is broken but we would not want the market to fall below the support level at around $15.6. Additionally, FED Minutes tomorrow and Chairman Powell's comments at Jackson Hole will likely lead to significant volatility and price action.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.