Silver is down on the week but may be setting up...

2021年10月29日

Silver is down on the week, but it's driving back into buying territory. It's also the end of the month when silver prices typically get pushed down in order to make expiring contracts cheaper. Next week starts with a new month, which tends to be optimistic for silver. This plus the buying territory makes it likely that silver will have an uptrend especially at the beginning of next week. If you can imagine that on this chart, you can see that it's then beginning to form a reverse head-and-shoulders pattern - which is typically very bullish. That's all for now.

This is not financial advice.

Want to try trading your own allocated silver with cryptos on one platform? Or gain yields on metals you hold? Then you may want to check out Kinesis: kms.kinesis.money/signup?referrer=KM13494472