Silver looks to have reached the upper end of the current up move. A correction towards the market zone is the likely outcome. Overall, I see silver to touch 70000+ levels in the coming months. Now buying will be below 55000 keeping stop loss below 48000 for the target of 70000 +.
High risks trader can use another spike towards 62500-63000 to short silver...
bullish flag is observed in 1 hour chart. if momentum remains constant we can see minimum 5-10% in 2-3 days. Monthly closing of gold and silver is also very bullish.
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA ...
BUY ABOVE 61020 FOR 100,200,500+++
SELL BELOW 60750 FOR 100,200,500++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
1. spotted head and shoulder
2. draw your neckline
3. enter on breakout of the neckline
4. incase you missed, re enter on the retest of the neckline
5. draw your target
6. book profits near the target
