Strifor || SILVER-Mid-term view
Preferred direction: SELL
Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update the historical maximum.
The most likely scenario at the moment for silver is a movement towards the level of 28.50, where we can expect the formation of a short entry point (scenario №1). A more aggressive scenario from the point of view of the current buyer is scenario №2, where price strengthening can be expected towards the level of 29.00.
The target for a fall in medium-term sales as part of a corrective movement is located at the level of 27.00.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update the historical maximum.
The most likely scenario at the moment for silver is a movement towards the level of 28.50, where we can expect the formation of a short entry point (scenario №1). A more aggressive scenario from the point of view of the current buyer is scenario №2, where price strengthening can be expected towards the level of 29.00.
The target for a fall in medium-term sales as part of a corrective movement is located at the level of 27.00.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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