Silver's Ready to Shine?
The Silver showing good bullish sentiment as the price has shown resilience by bouncing off significant support and breaking through resistance levels.
Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements.
The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher.
The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook.
So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements.
The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher.
The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook.
So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
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