Related to the reflation theme described in my view "Crude Oil: The Most Important Chart in the World".
Silver is has been consolidating whilst showing relative strength versus gold. Having broken above a downward sloping trendline from the $21.11 high set 4th July, speculators appear to be positioning for further dovishness from the Fed later today.
Assuming a surprise rate hike is not announced today, expect Silver to take out the $21.11 high in the coming days, heading towards 22.52 - 22.88 and further if the reflation theme continues (refer to my related trade idea: "Crude Oil: The Most Important Chart in the World".
Silver is has been consolidating whilst showing relative strength versus gold. Having broken above a downward sloping trendline from the $21.11 high set 4th July, speculators appear to be positioning for further dovishness from the Fed later today.
Assuming a surprise rate hike is not announced today, expect Silver to take out the $21.11 high in the coming days, heading towards 22.52 - 22.88 and further if the reflation theme continues (refer to my related trade idea: "Crude Oil: The Most Important Chart in the World".
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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.
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.