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Silver Triggers Major Buy Signal

Published 04/24/2019, 12:20 AM
Updated 07/09/2023, 06:31 AM

Commodity traders were buying silver yesterday after it completed a 61.8% retrace, filled a major gap on the iShares Silver ETF (NYSE:SLV) chart and retraced into epic multi-pivot support. This triple factor level signals a coming bounce in silver. Note the chart below.

SLV Daily Chart

Latest comments

Not one of Gareth's better calls! Precious metals could face major headwinds,..view a DX chart!
your comment may be premature
SI might get a small bounce but the downtrend looks solidly intact. On a Risk/reward basis, that's not good enough for me. If EUR/USD starts breaking down here you probably don't want to be long SI. With that said, I'm only a trader...remove the *******central banks and SI would clear $100. Longer term, I'm sry bullish SI & GC.
How much silver are you trying to sell
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