Long
Silver will break out soon. Target $50/oz
Silver broke out of a descending wedge last week, confirmed so far by staying above the decline and there is a lot of momentum because of inflation fears. The price was likely suppressed into the dip anyways, as we know thats common, and the same market factors that pushed down bitcoin in the spring affected Silver too. Now Bitcoin has pumped back and silver will likely follow.
The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days.
Maybe you could hav fun longing Silver but I prefer to just buy physical.
Happy trading!
The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days.
Maybe you could hav fun longing Silver but I prefer to just buy physical.
Happy trading!
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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.