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Silver- Rise above 33

1265
After dipping below the 31.70 support level twice, silver managed to recover and is now testing the key 32.30 resistance zone again.

Given the chart structure and price action over the past 48 hours, I believe an upside breakout is likely, with the potential for acceleration above 33.

In conclusion, my strategy is to buy on dips, with invalidation set below the recent spike low.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Dagangan aktif
A clear break above 32.30 resistance
Buy trade running with 850 pips profit
Dagangan ditutup: sasaran tercapai
1200 pips profit target reached

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