Crazylambboy

Silver fluctuates and builds a bottom, and it falls back waiting

Long
COMEX:SI1!   Silver Futures

There are many tribulations in life, so we should not be overly sensitive to every slight injury. In the face of the hardships of life, mental strength and indifference are our best weapons against evil and accidents in life.

The opportunity to go long in silver at 20.70 yesterday appeared once, and at the same time, short-term profits can also be made. It is still in the bottoming stage of shocks, so repetitions will still occur, so today we still maintain a low-buy thinking. For silver operation, it is recommended to buy at 20.70, risk control at 20.54, and target at 21.20~21.40.

Silver is bullish for several reasons:
1. Silver successfully bottomed out yesterday, and the bulls still have the opportunity to continue to rise.
2. The intraday pressure is 21.20~21.40, supported at 20.70~20.53.

Please continue to pay attention to my analysis and sharing. If you have better opinions, welcome to discuss together

SI1!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.