Silver Descending Triangle
Current View: Short-Term: Bearish, Mid-Term: Bearish, Long-Term: Bullish
Silver is forming a descending triangle and is looking to fall further. This pattern is similar to the 2013 to 2014 descending triangle. Support level is at $14; possible double bottom if we can hold, but likely to fall further if we can’t hold.
I am long-term bullish on silver and will be looking to accumulate as the price falls further. Possible shorting opportunities in the short and medium terms.
Eddy Yang
Silver is forming a descending triangle and is looking to fall further. This pattern is similar to the 2013 to 2014 descending triangle. Support level is at $14; possible double bottom if we can hold, but likely to fall further if we can’t hold.
I am long-term bullish on silver and will be looking to accumulate as the price falls further. Possible shorting opportunities in the short and medium terms.
Eddy Yang
Note
Watch my Gold and Silver Forecast for 2018 here: m.youtube.com/watch?v=Ahj3k1pVvwgNote
Silver price is following my prediction quite accurately; crucial support level at $15.50
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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.