Silver is making 20-day highs (green candles in the main chart), while pulling back towards the 20D EMA line. Meanwhile, looking at a proxy of net buying/selling (bottom panel), we are almost at net selling levels.
There is good risk/reward to buy silver here, with a stop-loss if the price closes at a 20-day low. If a 20-day low is made, the candles will change color from green to red.
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
There is good risk/reward to buy silver here, with a stop-loss if the price closes at a 20-day low. If a 20-day low is made, the candles will change color from green to red.
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.