Silver $: time for some bullishness?
A price action above 23.00 supports a bullish trend direction.
The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level.
The target price is set at 24.50.
The stop-loss price is set at 22.50.
Ideal win/loss ratio.
The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level.
The target price is set at 24.50.
The stop-loss price is set at 22.50.
Ideal win/loss ratio.