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Silver Futures
Long

Silver Analysis

By karan_bagri
After a long bearish move Silver made a strong counter trend move and broke out above the descending trendline on 20th Oct making a recent swing high of 66700 it is now trying to make a short pullback. Completion of this pullback can be a good long entry spot between 64000-65000 in SILVER. If price moves above 66000 then we can see 68000 which might be a resistance. Setup would be "invalidated" if price breaks the trendline again and trades below it.
Chart PatternsCommoditiessilveranalysissilverlongsilvertrendtradesetupTrend Analysis
karan_bagri
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