There's not much I need to say...
Silver has broken it's longterm trend line on pretty much every single indicator i've looked at, and the price has of course then followed suit.
Right now it's forming a bearish flag, soon it will drop again.
I'm guessing silver will find heavy support at the 23-22$ level, and if that level breaks, yea, the people who held their short will be real happy :)
(Do your own research before jumping into something, i'm just a random dude on the internet)
Right now it's forming a bearish flag, soon it will drop again.
I'm guessing silver will find heavy support at the 23-22$ level, and if that level breaks, yea, the people who held their short will be real happy :)
(Do your own research before jumping into something, i'm just a random dude on the internet)
Note
RSI...Note
MACD...
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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.