velmunis

Silver analysis

Long
velmunis Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
SILVER ANALYSIS
1-Silver trend to move along with safe heaven king GOLD

2-In recent days silver is outperforming the gold interms of daily % of gain/lose

3-Its moved an average of 4-5% a day

4-Yesterday range is almost 8% for a up and down rally

5-Currently it's trading at the recent trendline support level which will further attract the buyers and it has room to to rise as compared with GOLD

6-23.774 would be a next support level to watch as its coincide with 38.2% Fibo
Trade closed manually

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.