Hey guys, Silver recently broke its big down trend and is starting to look like it will start bulling hard. But If you have looked back in the past 9 years silver seems to have some strong seasonality bulling around the end of November to start of December period so I believe we will see some weakness over the next two weeks build the rest of this possible head and shoulders before the bull run starts. Also backing this is my view on the US100 will fall after earnings and Silver and the US100 track quite well at times and when the Us100 declines silver either leads and is a great signal for shorts or follows I touch on this on my first short against the US100.
Nota
It has completed the head and shoulders I don't think it will break that important 24.7 until later November once market stops selling offNota
Given the head to shoulder length it price should rise to $28 after that by year endNota
just a late update i did sell my position once the neckline was broken
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.