Silver approaches the support area should we start buying....

1 May 2017

Chart Analysis:

• the price remains above the weak daily support line at the level of 16.883
  
• the RSI indicator doesn't have any obvious shape
  
• the price is still under the SMA 20
  
• No candlestick configuration which shows a reversal trend
  

Strategy:

• when the price hits the weak daily support line i'll buy a small amount
  
• if the price keeps on drowning i'll buy again a small amount while the price doesn't breakout the strongest monthly support line:: I use this kind of strategy only in precious metals