Midterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too...
Some bounce back may happen.. becoze it is near around downtrend channel support line... nd as per RSI Indicator it is at oversold level..
Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible . After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
Pattern ready to break or fail? lets see..
In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict and could affect gold and silver prices in short term and that seems to...
Silver can go up to 18$-20$ in next 6-8 month... Keep investing in silver, it can be your best investment for next year