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Silver analysis: rally in full swing?

Since 2013 the silver price is looking for a bottom price. This bottoming out process is still ongoing. Now, in July 2017, silver reached a bottom of 14,30 $. This drop gave rise to a strong intraday reversal.

The price of silver: analysis for traders.

Since this intraday reversal the silver price shows continued strength. This price rally has not yet been interrupted. Should the rally weaken, traders may consider buying on price weakness in order to benefit from a price rise when the rally strengthens again.

PARAMETERS

Buy at market between 16,90 $ and 17,10 $

Stop loss: 16,60 $

Target: 17,73 $

Disclaimer

This analysis is published solely for educational and informational purposes and must not be read as advice or a suggestion to buy or sell the financial instruments or markets analysed. If you decide to do so, you do so solely on your own initiative and risk. This analysis is not guaranteed to be free of errors. It will not be updated after publication.

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