Silver surge, the beginning of the climb to $50/ounce?
Basic analysis:
We are seeing a very strong momentum upwards to silver. With the movement of price above the red cloud, the start of a positive MACD signal and strong shifts in the RSI suggests very bullish movement. It indicates a good buy. This could be a repeated pattern in 2010/2011.
However we should always trade with caution, either buy now, and hope for the best or pick a good price to buy when it retraces at the cost of losing the trade. Trade wisely and always practice good risk management!
We are seeing a very strong momentum upwards to silver. With the movement of price above the red cloud, the start of a positive MACD signal and strong shifts in the RSI suggests very bullish movement. It indicates a good buy. This could be a repeated pattern in 2010/2011.
However we should always trade with caution, either buy now, and hope for the best or pick a good price to buy when it retraces at the cost of losing the trade. Trade wisely and always practice good risk management!
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.