LONG SILVER - 4hr Timeframe - Nice Short Term Buy Opportunity

On the weekly and daily timeframes, Silver 0.55% is in an extremely long medium term correction, and trades on silver 0.55% can be extremely short lived, at this moment. Having said that, no one says that short term trades cannot be nice trades, therefore we are currently considering this opportunity. At the moment, after the previous downside move, the commodities price, after a first small impulse to the upside, has formed a small correction. We are currently in the watch for a nice buy opportunity, with a close target in the $ 17 area. Then we will how the price behaves, if it's the case to keep our positions open, or to take profit.

If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.