Silver has established nice trading channel from recent lows (green) and has tested it several times and it holds nice support. I will try to manage nice entry point at it or if it breaks down to the long term channel (blue) then there - or in at two steps. Then I expect it bounce back to the upper trend line at least. the only thing that spoils my optimism and believe in good timing is the price before March crash - I was not trading commodities by then so I dont know why it dropped so low from the 2011 highs. So anyone with a good idea/ knowledge please comment!! I would be happy to learn some more! So dont crusify me:-))
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.