peterbokma

SILVER-BUY strategy

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
We have been basing (see RED arrow), and the support at $ 21.20-21.30 is good medium term support for now.
The cloud resistance is 23.41 and it feels the basing pattern will lead us toward 24.71 short-term. The weekly chart shows possibility $ 28 even.

Strategy is BUY 23.00-23.30 for a move to $ 24.65 profit target at first, but likely we might keep it for higher moves.
the stop-loss $ 21.20 for now.

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.