mid term [BEARISH] // Long term [BULLISH]
TECHNICALS
TP LEVELS
FUNDAMENTALS
After Q1 2021 seeing a silver slump, a few major key factors are involved for its return to the upside:
- Currently consolidating
- Volume falling, so continuing trend (but looking for a reversal soon)
- Stochastic + MACD indicators showing BEARISH for now.
TP LEVELS
- 25.01
- 24.09
- 23.09 (PREFERRED)
- 22.14 (possible)
FUNDAMENTALS
After Q1 2021 seeing a silver slump, a few major key factors are involved for its return to the upside:
- Joe Biden's 2.3trillion green energy + infrastructure spending plan - silver will be going into vehicles, charging stations and cabling for wind+solar farms.
- As costs lower for clean-energy alternative solutions using silver, more investment will come across the tech + finance market.
- Low levels of silver internationally (broadly speaking) - currently rarer than Gold.
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