JamesRennie

Breakout from accumulation channel

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Looking for silver to find support at old resistance by May 25 where horizontal movement and diagonal trend line intersect. New resistance is likely in the 18 to 18.50 range.

Physical and paper contracts still are not matching up in pricing. Though RSI is still worth watching as we might enter overbought territory temporarily.


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.