As the chart shows silver is in an ascending triangle with strong support at this level. We have retraced back to the .500 level and are looking to take profit at the 1.500 mark(as indicated by the arrow). Since Silver and Gold usually moves in the same direction and Gold is looking strong, with help from Bitcoin taking heavy losses after the FTX Scandal, the outlook for reaching the target looks very good.
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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.