Silver - Long - Short Term (~4 days)
Updated
Possible break out in Silver towards the $26 level, can move further based on volumes over the next 2 days. Depreciation in dollar should add to the momentum however rising bond yields may cause rough waters.
Target 1 - ~$26
Targer 2 - $26.45
Entry: Once the resistance at ~26.53 is taken out with decent volumes, and then possibly retested.
Target 1 - ~$26
Targer 2 - $26.45
Entry: Once the resistance at ~26.53 is taken out with decent volumes, and then possibly retested.
Trade closed: target reached
Target 1 AchievedTarget 2 Almost There - missed on the time frame give by 0.15 cents. - can still be achieved in days to come with dollar depreciating rapidly and bond yields holding steady.
Trade closed: target reached
Target 2 Achieved (3 days after time frame stated in analysis.)
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