Get started
CFDs on Silver (US$ / OZ)

Silver

By theDentist
SILVER
  • False breakout on 1 Feb & 2 Feb
    Continue accumulation pattern
    Macro: USD continues weaking following Biden new stimulus plan (if approved)
    Dollar Index (green color) has rebounded from 89, expect continue downward trend (if no major negative news from EU)
    Strategy: Buy area (25 - 26.8), First Support at the MA50 Level ~25.4 , 2nd Support at 24.6, SL at 24.351, TP 30.0

Trend Analysis
theDentist

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.