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Silver still BearishSilver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also see a decrease in safe havens because of this which means gold and silver will drop even though the euro will climb. Trading advice: Sell the spikes or if your equity allows it sell it at current market price and be ready to add more along the way or spikes.
TVC:SILVERShort
by JoshFX1
Silver (yearly view/possible scenarios)There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short term. *Important: The silver market is highly controversial and there's clear evidence of insider influence/manipulation of price in the past, so take everything with a grain of salt.
TVC:SILVERShort
by Anarcho-Capitalist
#Silver - Enough is enough, time to rise up & shineHi everyone! Here is my view of how silver should gain its rightful position in the market. All points are proximate and displate as an estimate. So please do not trade following this idea. Just my though and my point of view. This one DXY will show its last breath in March 15, although Pentagon already sent another 500 troops to Syria and OPEC decision on ceasing oil extraction is still uncertain. Anyway, we follow technical analysis here.
OANDA:XAGUSDLong
by azizelliott