Medium-term buy: silver

١٦ فبراير ٢٠٢٣

Based on channel.
Low RSI
Bottom of channel - risk of breakout but maintain tight SL to minimise risk

١٨ فبراير ٢٠٢٣

ملاحظة

Bit of a scare as the resistance level was strongly tested, indicating risk of breakout.

However, this has reversed with a strong bullish candle, indicating buying power in the market. The trend should now continue up to the identified resistance level turned support line @23.430.