Silver - the big picture
After reaching 30 USD/oz several times, most think this would be a major resistance.
I don't believe that.
Silver has already done a very smart consolidation. Why should Silver rise every time like a rocket, when metalls needed years for recovering?
So, this small interrupt with declining prices is such as normal. Only nervous speculants asking all the time: Why this corrections?
New trends need time! And with everey day, silver is over 22 USD more and more speculants became investores - and are NOT selling.
I suppose, Silver started today a new rising phase.
Have a look also on Nikkei, Nasdaq100 and you can smell the fear of falling prices.
Silver long.
09.03.2021 / Dan
I don't believe that.
Silver has already done a very smart consolidation. Why should Silver rise every time like a rocket, when metalls needed years for recovering?
So, this small interrupt with declining prices is such as normal. Only nervous speculants asking all the time: Why this corrections?
New trends need time! And with everey day, silver is over 22 USD more and more speculants became investores - and are NOT selling.
I suppose, Silver started today a new rising phase.
Have a look also on Nikkei, Nasdaq100 and you can smell the fear of falling prices.
Silver long.
09.03.2021 / Dan
Note
Runs, breakout done
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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.