mid term [BEARISH] // Long term [BULLISH]

٥ أبريل ٢٠٢١

TECHNICALS

• Currently consolidating
  
• Volume falling, so continuing trend (but looking for a reversal soon)
  
• Stochastic + MACD indicators showing BEARISH for now.
  

TP LEVELS

• 25.01
  
• 24.09
  
• 23.09 (PREFERRED)
  
• 22.14 (possible)
  

FUNDAMENTALS
After Q1 2021 seeing a silver slump, a few major key factors are involved for its return to the upside:

• Joe Biden's 2.3trillion green energy + infrastructure spending plan - silver will be going into vehicles, charging stations and cabling for wind+solar farms.
  
• As costs lower for clean-energy alternative solutions using silver, more investment will come across the tech + finance market.
  
• Low levels of silver internationally (broadly speaking) - currently rarer than Gold.