SLV: Showing signs for a move to $50
Silver is getting ready for a move to $50 levels. The momentum will pick up once the down-sloping channel is broken. A trade can be taken now with a stop loss at 20.45.
Gold has already broken out, silver looks ready to follow. Indicators also imply the same thing:
1. MACD moving average is rising, and is now up above the zero line
2. RSI is above its RSI Moving Average
3. ADX will give a confirmation at the break of down sloping channel.
Gold has already broken out, silver looks ready to follow. Indicators also imply the same thing:
1. MACD moving average is rising, and is now up above the zero line
2. RSI is above its RSI Moving Average
3. ADX will give a confirmation at the break of down sloping channel.