Long SILVER
1.) Extremely bullish pattern on weekly chart.
2.) Trend lines breached
The direction of crude oil prices feeds directly into global inflation expectations. And rising inflation expectations are bullish for bullion. So fundamentally, precious metals should do well.
Silver has another reason to do so. its demand for electronic components.
2.) Trend lines breached
The direction of crude oil prices feeds directly into global inflation expectations. And rising inflation expectations are bullish for bullion. So fundamentally, precious metals should do well.
Silver has another reason to do so. its demand for electronic components.
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.