Silver Back At the Topside of The Trend

Like gold  , silver surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold -0.07% .

Silver Back At the Topside of The Trend by EmpowerTrader on

Trade Step-ups:

Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.

Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.


Exhibit 1: XM Client Silver Positioning

Leave a Reply

Your email address will not be published. Required fields are marked *