Silver Uptrend Gaining Momentum. Looking for Intraday Pullbacks | Aug 14th
Spot Silver – Continues to Impress
Precious metals have been performing well with Gold pushing on the key 1345 resistance while Silver is up over 6% on the week. We talked about in our weekly market commentary back when Silver was around 20.50 that it should press on towards our 22 target. And press on it did as it is now just a few cents shy of the 22 mark which is another key level and barrier. We are all bullish on the PM, and will look to get in on intraday pullbacks to rejoin the uptrend towards 21.36 and 20.60, targeting 22, 24.60 and 25.90 (major breakdown point when it lost $5 in two days. Only a long bias at this point on Silver.
Make sure to watch our latest video lesson on Intraday Price Action Trading – Breakout of Key Level
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book