Silver - Just Starting The Parabolic Rally!

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Trading update on Silver (SILVER):



Click chart above to see the detailed analysis👆🏻

Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.

Levels to watch: $34, $45

Keep your long term vision,
Philip (BasicTrading)

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تم فتح الصفقة

Trading update on Silver (SILVER):



Click chart above to see the detailed analysis👆🏻

Silver is currently perfectly sitting at the previous major resistance and starting a minor rejection. This is all still normal price behaviour but it seems like bulls are still overall in control. Even if we see a retracement lower, the past of least resistance is much higher.

Levels to watch: $34, $45

Keep your long term vision,
Philip (BasicTrading)