Silver continues to trade higher for second consecutive day and closed above $15.50 for the first time since June 2018. This confirms major bullishness and a jump till $15.90/$ On the higher side, yellow metal is facing strong psychological resistance around $16.21 and break above will take the silver to next level till $17.40/$18.64.
The near term support is...
Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible .
After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
BUY ENTRY 1 - 14.48391
BUY ENTRY 2 -14.37781
TARGET 1 - 14.60078
TARGET 2 - 14.72411
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HOW LONG WIT SIGNAL IS VALID
FOR WEEKLEY INCOME TRADER (WIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT...
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait...
Silver is showing huge consolidation for the few years revolving around the same line making it support and resistance.
Positional Idea -
Currently, if that line is not broken on closing basis which means Silver doesn't close below that line but can establish low points there), one can buy Silver.
Intraday Idea -
Also, it is getting selling pressure in the...