Strifor || SILVER-14/05/2024
Preferred direction: BUY
Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver, the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly (scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver, the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly (scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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