Patrikas10

Silver monthly update / buy setup

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Hello traders!

Monthly supply range(blueish) held perfectly well and now we are due for a retest lower.

*16.60$ - was never re-tested after a breakout and now should be a point of interest for investors.

We should see it being re-tested very soon. MACD suggest that there's plenty of momentum left & $16.40 in November - very likely.

Next target is $23.


*Buy zone $16.40 - $16.60.
*Take profit zone $23.


This is not a financial advise. Have a great day!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.