Like gold, silver appears to be in an uptrend.
Silver has completed a 38% retracement as indicated on the chart. On the next leg upwards it needs to
break resistance around the $15 area in order to advance substantially higher! As we are near the lower
trendline of a parallel uptrend, I am expecting silver to move up from here. See the chart on gold published
Gold update: to see the parallel (no pun intended) between gold & silver. When gold moves up silver
generally follows and this case is no exception.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful and useful, and if you like them I would encourage
you to click the LIKE symbol. Wishing you all the best of luck in your trading and
investment activities!
break resistance around the $15 area in order to advance substantially higher! As we are near the lower
trendline of a parallel uptrend, I am expecting silver to move up from here. See the chart on gold published
Gold update: to see the parallel (no pun intended) between gold & silver. When gold moves up silver
generally follows and this case is no exception.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful and useful, and if you like them I would encourage
you to click the LIKE symbol. Wishing you all the best of luck in your trading and
investment activities!
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