Can Silver Hold Above 52 in the US Session? Strategy Update

12 בנוב׳

Silver experienced a pullback followed by a rebound in the previous trading day. Today, silver continues its upward trend, exhibiting a volatile upward movement. The overall outlook remains bullish. The daily RSI is rising, and the 4-hour chart holds above the 50 level, maintaining a healthy bullish pattern. In the US session, watch the resistance around 51.8-52 for potential short-term buying opportunities. The main strategy remains to buy on dips.

For silver, you must seize every opportunity to buy on pullbacks. If you struggle to execute trades precisely, try my method: first test the market with a small position, then add to your position during pullbacks. This way, you won't miss any opportunities. If you're truly unsure when, where, and how to trade, follow my signals strictly. This will make it easier to recover losses or double your profits!

12 בנוב׳

עסקה פעילה

As expected, silver prices rose after breaking through the resistance level around $52, accelerating the current strong uptrend. A solid bottoming pattern has formed, indicating that buyers are accumulating positions and there is potential for further gains towards higher resistance levels. Given the current strong daily upward movement, silver prices are expected to rise further to the next resistance zone of $53.8-$54. The recommended strategy is to avoid chasing the price higher and instead focus on buying on dips.

13 בנוב׳

עסקה סגורה: היעד הושג

Silver surged, touching the upper Bollinger Band on the daily chart. The daily RSI reached a high level, opening up upward potential. It strongly broke through 54, essentially touching the previous high of 54.5. In the short term, there is resistance at 54.5, where short-term short positions can be taken in batches. The main trading strategy for silver is to wait for a pullback before going long. Intraday support is around 52.3-52.7. Consider going long again when the price falls to this level.