Silveranalysis
Silver JUST SELL We dont buy this prices high inflation will hit all assets
But but but under 17 ill start buying for long term it will sky rocket in rescission
Moving average's about to cross and it will drop the price lower
Over bought in weekly and going down as indicators show
18.5. -17.5 -16
GOOD LUCK
Silver: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.
Silver could rise from supportAfter the break above descending trend line's resistance followed by a break also above horizontal resistance, Silver made a high at 21.20 and started to drop.
As I said in my previous analysis, prices under 20 should provide strong support and a new leg up could follow.
At the time of writing Silver is trading exactly in this support and bulls can regain control from this point.
22 zone can be buyers' target and negation comes with a drop under 19
Silver- 19.50-20 zone is very important for bullsOn Monday, Silver has a strong bull break above 20usd very important zone given by the horizontal, psychological, and falling trend line of a channel.
Yesterday the price had an intraday correction and at this moment looks ready to continue its ascent.
The next target is 22 resistance and for this scenario to be valid 20 and slightly under should remain intact.
Buy dips in that zone can be a good strategy