Silver Futures

COMEX:​SI1!

silver has resistance around 17$, it may test

As shown in the chart, silver is moving in a symmetrical triangle. Simple way to trade it is within the triangle and after breakout on closing basis. For convinience I draw abcd waves. But it doesn't mean exact moving path of the price. But you can take help from it.

Ping-pong in a range a $15-$18.60 forming a base for Q4 2017 and H1 2018. Wyckoff analysis suggests the rally towards $21-24 by end of H1 2018.

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

Gold and Silver go the same way. Expecting Retracement move or Even a push below the recent lows. But let the momentum turn in your favour first

As in Gold, expect an upward reaction from Silver when it reaches the Green Zone

As with Gold so is with Silver. Still no visible Buying Watch the Green Area for Critical Support

Silver Interestingly Poised ? Nicely Holding the Green Area ? Bullish COT Report, Momentum Diverging on W, D & 240 min Charts. With that in the background if the 4 Hour start closing above 16.250, the momentum can take it to 18.350. Again 18.150 is Crucial area, if it is able to SOLIDLY sustain the up-move above 18.250-18.300 area, then medium term Silver is in ...

Nothing much to say, as i had said everything in Analysing Gold. same will be true for Silver

Look for Buy Setups in Silver around these two levels Marked in RED

* Bullish Butterfly * Rising trendline * Channel * Support zone

Bullish Harmonic -Buy on dips to $19 TRGT $20 s/l $18.65