Precious Metal Rally to Continue - Silver
I'm looking for the ongoing precious metal rally to take Silver to the $19.75 level, above where we can expect some resistance and possible shorting opportunities. The midpoint for this setup is circled, a clear breakout point.
In addition, there is a supporting setup in the gold/silver ratio chart which may validate the case I'm making for the silver rally...
Look for the ratio to bottom below the 94.24 level. The midpoint here is also a clear breakdown point.
If the two levels mentioned above are reached around the same time, the reversal case will be that much more compelling.
In addition, there is a supporting setup in the gold/silver ratio chart which may validate the case I'm making for the silver rally...
Look for the ratio to bottom below the 94.24 level. The midpoint here is also a clear breakdown point.
If the two levels mentioned above are reached around the same time, the reversal case will be that much more compelling.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.