Silver's strong performance this week triggers the Wilder's parabolic indicator signal. As price breaks through the upper resistance marker, one would buy at this point. In future periods, the dotted line will shift from the upper range of prices to the lower. One would stay long until the bottom signal is breached.
My first target remains 19.54 however, I expect price to break through previous highs to complete the double bottom formation.
My first target remains 19.54 however, I expect price to break through previous highs to complete the double bottom formation.
Note
Acting on this longer term buy signal by buying Jan 2022 20 calls.
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.