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SILVER - long term 2040

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SILVER is struggling to hold $14. In case we break down, we could see a bottom between $8.1 and $9.3. Long term play, shows the benefit of averaging down bit by bit.
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Updated a more precise SILVER long term chart. $14-15 is turning into resistance and if price doesn’t turn around soon, we will see $8-9.5 in the near future (between Oct-2020 & Oct-2022), which could be a great generational buy the dip zone.

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So we either break out soon and close above $16.3 or we break down and head under $10

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Since GOLD broke out it should be bullish for SILVER. Gold still has to close higher and create support otherwise it could be a fake out.

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.