Is silver a safe commodity ? This is the main question. In the short, maybe yes.
The price of silver has once again returned to lateralize in this channel. Between static support at 14.07 and static resistance at $ 14.75 an ounce. Until one of the two is violated, the trend remains flat. So speculators will tend to trade this commodity on very short time frames.
In any case, from a technical point of view, the silver seems to be directed towards the support just mentioned. In any case, from a technical point of view, the silver seems to be directed towards the support just mentioned. A test of the area around $ 14 will trigger a series of long entries by investors, who will keep the positions in the medium period, keeping them in their portfolios up to the maximum target between 16.50 and 17 dollars. Coinciding with the dynamic resistance zone identified by the EMA200 periods.
Basically, this raw material tends to start rising again immediately. The tensions caused by a trade war between the USA and China, the political and economic instability that plagues Europe and a possible return to an even more restrictive monetary policy by the United States, will lead investors to take refuge and differentiate their portfolio with assets such as silver and gold, or other precious materials.
Operative ideas
So, as we said before: Is silver a safe commodity ? Maybe with this strategy.
Having said that, it is advisable to start to position ourself long on the SILVER and increase if the price falls to the support indicated, from a purely technical point of view.
As a first target we can hypothesize the resistance of the channel in which the price is lateralized ($ 14.75). If it is broken to the upside, you will see an acceleration of the price up to the second target in area 15.23. The short-term final target is located close to $ 15.74 an ounce.
The price of silver has once again returned to lateralize in this channel. Between static support at 14.07 and static resistance at $ 14.75 an ounce. Until one of the two is violated, the trend remains flat. So speculators will tend to trade this commodity on very short time frames.
In any case, from a technical point of view, the silver seems to be directed towards the support just mentioned. In any case, from a technical point of view, the silver seems to be directed towards the support just mentioned. A test of the area around $ 14 will trigger a series of long entries by investors, who will keep the positions in the medium period, keeping them in their portfolios up to the maximum target between 16.50 and 17 dollars. Coinciding with the dynamic resistance zone identified by the EMA200 periods.
Basically, this raw material tends to start rising again immediately. The tensions caused by a trade war between the USA and China, the political and economic instability that plagues Europe and a possible return to an even more restrictive monetary policy by the United States, will lead investors to take refuge and differentiate their portfolio with assets such as silver and gold, or other precious materials.
Operative ideas
So, as we said before: Is silver a safe commodity ? Maybe with this strategy.
Having said that, it is advisable to start to position ourself long on the SILVER and increase if the price falls to the support indicated, from a purely technical point of view.
As a first target we can hypothesize the resistance of the channel in which the price is lateralized ($ 14.75). If it is broken to the upside, you will see an acceleration of the price up to the second target in area 15.23. The short-term final target is located close to $ 15.74 an ounce.