Silver is shining as well

9 במאי 2021

Analysis: Silver looks pretty amazing since the market managed to bounce from the 200DEMA near the 24$ level. So far we have a beautiful bullish trend on the daily chart but we also reached a zone where we can have a lot of bearish pressure since the current price zone ( 26.5-28$) can give us a lot of noise on the short run, but my ultimate target is above the 30$ level for sure. Once we manage to break above the 28$ level it will open the road to test the 30-31$ level as well. Probably it will take some time to get there but patience will pay out if we will manage to catch the price from the bottom of the trading channel (near 26$).

Conclusion: Bullish - long term
Bearish - short term


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