Silver - first potential target reached

546
A week ago we wrote that the price of silver has broken un upper limit within a multi-year consolidation. The price surged along with gold and the weakness of the dollar. The monthly rise in July in the silver price was the biggest since 1979.

From the technical point of view, the price has reached a potential first target for the bulls which was set by the height of the mentioned consolidation at around 28,00 USD.

However, the next potential target may be located at 35 USD.
________

Daniel Kostecki, Chief Analyst Conotoxia Ltd.

Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。