From the Technical Views:
1. From the weekly perspectives, price break above the strong resistance level, and we may expect a continuation to the upside after the retracement, and the potential support level is aligning up with the 38.2 FIB level, higher chance that the price will react to this level before moving to the upside.
2. From the daily perspectives, the daily demand zone also correlated with the potential weekly support area, more confluence on SILVER will move to the upside from this level.
From the Instituitional's Views:
1. Overall bullish bias on the SILVER.
2. In the new report, more long positions were added, the net position huge increased from 37k to 43k at the moment, we can expect more bullish strength on the SILVER.
How to approach SILVER?
1. Waiting for the retracement complete, then switch to the lower timeframe looking for the long opportunity.
2. Only lower timeframe shows the valid entry, then only allow go for long, because we still have a strong weekly demand zone haven't retest (PINK BOX).
The result might not follow my analysis, this analysis is based on the TA & COT perspectives.
Comment down below let me know your view on SILVER.
1. From the weekly perspectives, price break above the strong resistance level, and we may expect a continuation to the upside after the retracement, and the potential support level is aligning up with the 38.2 FIB level, higher chance that the price will react to this level before moving to the upside.
2. From the daily perspectives, the daily demand zone also correlated with the potential weekly support area, more confluence on SILVER will move to the upside from this level.
From the Instituitional's Views:
1. Overall bullish bias on the SILVER.
2. In the new report, more long positions were added, the net position huge increased from 37k to 43k at the moment, we can expect more bullish strength on the SILVER.
How to approach SILVER?
1. Waiting for the retracement complete, then switch to the lower timeframe looking for the long opportunity.
2. Only lower timeframe shows the valid entry, then only allow go for long, because we still have a strong weekly demand zone haven't retest (PINK BOX).
The result might not follow my analysis, this analysis is based on the TA & COT perspectives.
Comment down below let me know your view on SILVER.
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.