The price is trading at near the control price.
The image speaks for itself: We have a clear Head & Shoulders Chart pattern arising in Silver. A break down of the Trend line / Neck line could initiate a Strong Sell at least up to $15 / $14 levels.
Currently have negative bias. Breaks 14, it can visit 9.1 and then 4.2 levels. Have to watch for false break outs..
Long Silver cmp : 14.740 Strict SL : 14 Duration : 3-4 weeks
LONG ... ASSUMING TGT.. ON CHART.. STOPLOSS- 16.060 comment your view.. For more query comment below.. i ll happy to see your view, comment and feedback And follow for such more analysis ....
silver has resistance around 17$, it may test
WITH STOP LOSS 14.5 WE CAN GO LONG IN SILVER WITH A PRICE TARGET OF 20.7, WE CAN EXPECT A BREAKOUT IN APRIL OR JUNE MONTH OR AUGUST
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
* Bullish Harmonic * Multiple Channel breakouts