Price of silver had an upside breakout but failed to reach it's target 26.00
Coming of price aging in triangle pattern is very risky for long position.
A very grim situation may arise in silver if it breaks down 13.5 level.
Exxxxxxxxit all long below this.
Silver rallies look like fake and could fall steeply if it fails to rise above $18.5 in near short term. This is the same time some videos were published by Robert Kiyosaki on May 22nd, 2019 where he believes silver will go up. There are many other people propagating the same ideas trying to boost up silver which actually happened but failed to go past $18.5 or...
Silver moving in a flag pattern, in on the lower point of the channel. If the channel is broken on the downside, a slide upto 16.82 can be expected.
It has been correcting for some time, there is a possibility that after all the news flow, the short positions will start to unwind and push the prices higher.
Since my ideas can be seen in India only, by the time...
Silver has been correctly sharply for past 3 days, at the moment (17.46) it is at a make or break level.
If it slides further, it may touch 16.8 followed by 16.2 levels.
Technical indicators are showing weakness at this stage (27-09-19).
Traders taking short positions must exercise caution and keep monitoring charts for trend reversal.
18.04 on the upside...
Silver was seen attempting to re-enter the trend lines channel, after a few days of consilidation.
It did respected the doji that was formed day before yesterday.
RSI 21 also appears to honor support of 50 as it as reversed from there several times.
CCI indicator too is indicating a reversal from lower band of range (-70 to -80).
Chances of an upside...