Long Term View on Silver
Zoom out and take a moment to look at the Silver price from a long term perspective. When dealing with precious metals, analysts should remain patient and not get distracted from daily or weekly moves on the chart.
We can consider a long position after revisiting lows on Silver in 2022 and still remaining in a strong uptrend for the past months. Patience is key.
2 important parts can be considered to check on this position every month and confirm the formulated bias or revisit a new opinion to protect capital.
Yellow horizontal line @ 28 USD remains resitance but should be broken eventually to remain bullish mid to long term.
MACD monthly crossover and movement into a new possible new upswing.
We can consider a long position after revisiting lows on Silver in 2022 and still remaining in a strong uptrend for the past months. Patience is key.
2 important parts can be considered to check on this position every month and confirm the formulated bias or revisit a new opinion to protect capital.
Yellow horizontal line @ 28 USD remains resitance but should be broken eventually to remain bullish mid to long term.
MACD monthly crossover and movement into a new possible new upswing.
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