Silver has been pretty bullish recently and it only makes sense to follow the trend after a correction. There's still one resistance level to get through before confirming the move up.
Note
As long as resistance is not broken, price could still go low.Note
Any break around the spotted areas will lead to either a further drop or a huge rise. Overall, silver is still bullish long term.Note
Zoomed out view...Note
Buying the dip. Note
RSI showing a hidden bullish divergence, supporting my bullish view. Any drop could be an opportunity to buy a lower price, or the market could just take off from here.Note
Upward movement...Note
Bulls couldn't hold that bounce yesterday and now there's selling pressure. Lower prices could be on the cards however that would be good for dip buyers. Note
Dip buying...Note
The trend is your friend and right now is the perfect time to buy in my opinion. Price is at the 50 % retracement level of this entire uptrend and the next few days should be interesting. Also watch out for liquidity grab...Note
Zoom out and see clearly.Note
Price us now trading at the upper boundary of the flag... Let's see how it goes.Note
If bulls can have a proper breakout, then it's game over. But so far so good.Note
Big drop, it was the perfect area for bears to enter. This could potentially lead to prices below 28.Note
Until support is broken (ascending channel), price could still turn and go higher.Note
Support held at 50% fibNote
Boom!! Note
Isn't it beautiful to see?!Note
Breaking more resistance levels...
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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.