SILVER Great value here 17-21 short then Long..READ!!!
Updated
Not financial advice
Just an update from an earlier chart where I said our value area is 17.00-21.00
And we are here currently.
A death cross is setting up on the weekly
So a pullback to the 17-18 level to be expected.
But this is okay and exactly where we wanted it
The RSI is bottoming out on the weekly
Which also shows value area setting up as well
Again I have a long term goal of 150.00 for Silver.
But will take 7 years to get there.
So no worries when looking at it long term
Just an update from an earlier chart where I said our value area is 17.00-21.00
And we are here currently.
A death cross is setting up on the weekly
So a pullback to the 17-18 level to be expected.
But this is okay and exactly where we wanted it
The RSI is bottoming out on the weekly
Which also shows value area setting up as well
Again I have a long term goal of 150.00 for Silver.
But will take 7 years to get there.
So no worries when looking at it long term
Trade active
19.60 is area of interest to hold according to trendline. Followed by retest of Golden cross at around 17-18.00Trade active
Nothing has changed you should be hoarding silver right now still holding golden cross with a target of 135-160 long term as in 7 years long. Still bottom of the barrel pricing.Same advice 17-21.00 is value area. Nothing has changed
Trade active
If you would of bought when I said we was at value area. You would be up almost 50% now and with a solid monthly close outside of the falling wedge pattern. 30-32.00 seems to be the next stop.
Not to shabby for 9 months. The setup was there a year ago and here we are. Are you ready for a 30.00 silver.
Great long term call.
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