Silver - Another Textbook Trade For 2025!

24 dic 2024

Silver (SILVER) is again approaching strong support:



Click chart above to see the detailed analysis👆🏻

Silver has now been consolidating for more than 6 months and is slowly but steadily approaching the previous horizontal support. Another retest would perfectly match with the overall bullish trend, the rising channel formation, as well as the fact that Silver will soon catch up with Gold.

Levels to watch: $27.0, $34.0

Keep your long term vision,
Philip (BasicTrading)

1 gen

Trade attivo

Trading update on Silver(SILVER):



Click chart above to see the detailed analysis👆🏻

As anticipated, Silver is slowly approaching the previous horizontal structure, which is still acting as a quite strong support area. Therefore a drop of another -5% is totally expected and then it is finally time for all bulls to step back in, create bullish confirmation and a beautiful rejection to the upside.

Levels to watch: $27, $34

Keep your long term vision,
Philip (BasicTrading)