We may have just finished a bullish correction phase.
If silver can reclaim $36.30 hold then I'd consider the bullish trend to be back and look to buy pullback on our way up to $40+
If silver can reclaim $36.30 hold then I'd consider the bullish trend to be back and look to buy pullback on our way up to $40+
Trade active
Silver reclaimed $36.30. Silver miners look good today. I'm watching PAAS, AG, and FSM.Now it needs to hold above $36.
Small pullbacks and a little volatility is okay.
Almost hard to believe silver is finally doing what we all thought it should be doing for years and years. I think we've all become so accustomed to silver getting hopes up and then dumping that this bullish momentum almost feels foreign. But from all the charts, price action, and momentum I see, this is real.
Note
Not really understanding the drop in silver other than a risk-on, geopolitical stress levels going down type move along with gold. The fundamentals only get better for silver as time goes on and now the Fed is discussing lowering rates more openly. Markets are juiced and the dollar is falling.
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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.