logo

FX.co ★ Silver Acceleration Is Expected Anytime Now.

Silver Acceleration Is Expected Anytime Now.

Silver Acceleration Is Expected Anytime Now.

Technical Outlook and Chart Setup:
Nothing has changed in the counter since last week. We still confirm our bullish recommendations for silver towards at least 30.00 level in the coming sessions. Immediate strong support comes at 26.50 level from where it has bounced back at least 3 times last week before breaking out of cone consolidations. Intermediary resistance is now placed at 28.00 level. Once this is cleared, the metal shall rush towards 30.00 level minimum.
Trading Recommendations:
Stay long, buy on dips, target 30.00 level.

Good Luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account