Updated

Silver at the cross roads / 2hr Chart

99
Here we see silvers current set up which IMO has a chance of a the bearish down trend as oppose to the bullish outlook.

Markets, set to continue their downtrend from what I believe and silver will follow suit, with the dollar rising as a result of the market downtrend.

If it does break back into the triangle then I would certainly consider a buy position and there's plenty of room for tight stop losses here.

Use this as your guide short term, but long term, I'm pretty sure we are all in an agreement with commodities going to the moon.

Note
Bit of a wider angle view - snapshot
Note
Further wider - snapshot
Note
EVEN WIDER - Potential descending triangle - snapshot

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.