Silvershort
Silver- a more clear view than GoldAlike Gold, Silver is offering a more clear view...
The price of Silver doubled its value almost verticaly and 30 zone acted like a clear ceiling for this commodity.
From this point the price could drop hard to at least 24 and in my opinion rallies above 28 should be sold
SLV support levels - OpportunitySLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish.
As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
Best time to take a short profit on selling SilverThe market is now on its way to a new trend. The prices will surly go down for today, but before you realize it they will go up again so make sure buy again when take your profits of selling. Generally, the prices are going down towards the next support so make it your first target, if it is broken then you would shoot for the next line of support only buy a strong buy signal you can sell and buy again to ride the next bullish trend.
SILVER STRUCTURE SHORT|TRADING PLAN
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone.
Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is short.
TRADING PLAN:
1-short now
2-SL above the mirror diagonal line and the resistance lower bound
3-the ultimate target is at the diagonal support which will draw a silver triangle.
Thank you for reading, like and subscribe and have a nice day.
Silver is showing a strong down movement, best time to sellBe sure of the prices going down, the buyers are trying to win but the sellers are much stronger now.
You can sell now and wait for reaching the next resistance line down and buy again because it will go up again and break the level we are in right now. But for today the prices are surly going down.