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Silver Ready To Shine Once Again

Published 12/02/2017, 01:49 PM
Updated 07/09/2023, 06:31 AM
XAG/USD
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SI
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On analysis of the movement of Silver futures prices, I find Silver futures price seems ready to take one more decisive move after coming down from a decisive upper scaling zone amid growing concerns for growing attraction for crypto currencies and overstretched equity markets all over the World. I find the Silver futures price has taken sufficient support at the current levels, but cautious approach will be a nice option.

Although, I expect a V shape recovery formation from the current levels but cautious approach inclined me to move ahead strictly with stop loss orders. I conclude expected propositional trading zones for the Week of December 3rd, 2017.

Good Luck!

Silver Futures Price Chart 4 Hr. Chart - Expected Trading Zones For The Week Of Dec 3rd, 2017


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