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Xagusdanalysis

Silver Run on Liquidity We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12. The next raid happen this week as price broke above the $20 closing a short stops. The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs. We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics. With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
OANDA:XAGUSDLong
by TRADER-RI
2
Silver Long - Overall Bullish AnalysisI am overall bullish on several. We saw a reversal in price in around the price of $11 and $12 and a huge breakout on Thursday/Friday has proven that a move to the upside is highly within reason. I've drawn about my support zones with the grey rectangular regions and the current price has bounced straight off the zone of interest. I've used a Fibonacci tool the help find a possible retracement for the ability to place more positions on a buy entry within the blue zone which would be the price range of $15.985 and $16.15. My targets are up to 18, 20, and by the end of this year possibly high $30. I will be sure to hold these positions with a moving stop loss if the retracement opportunity presents itself to me. If anyone has any advice on where I can find an additional entry, please be sure to share in the comment selection below. Thank you and happy trading to all.
OANDA:XAGUSDLong
by africanxmamba