Buy Silver: Silver is ready for upmove
All Details are mentioned on Charts.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
It has been lacklustre since touching the high of $ 30 a year back. It traded in the 22-30 for a year.
With a decisive break of the 200DMA on Friday at $25.7, it would have given sleepless weekend nights to the Silver Bulls.
The GANN Fan lines and Speed resistance lines are also not signaling any smooth up-move in the near term.
Silver forming wyckoff distribution pattern , imo it completed phase A and B , to start phase C it needs to toch or break previous support line . I use fib time zone to place the phase C ,D region .
In other case if phase C already started , it breaks previous resistent and fall down.
I remember around 2 Years back when i met a individual and Joined their so called What's Up Group , They particularly Called me Fool because i told then its Going to 34 USD
Approximately in 2018 I said to them , they all come today in Bloomberg , TV channels as professionals , but they didnt understand the reality
Fact is they did not make money even in...
As we can see, SILVER has been showing growth since March. 5 times he tried to break through the $ 28 resistance level, but to no avail, there were only false breakouts. Now the price has approached the resistance level again and is trying to test it. If the price breaks through the resistance level and consolidates, then growth is possible. If again there is a...