Sunday, November 6, 2016

SLV - SILVER ETF

I´m really bullish in Gold and Silver....... and the top form during the year it´s just a pause in the bullish move.

Two different charts and techniques and they show the same scenario in my opinion,



In both cases the charts show an uptrend while the 16.23$ it´s the support.

There are two possible resistence level, one its obvious its the previous high in 19.72$ and the next around the 22$ - 23$ levels.

Time will tell, but when the price moves above the short term downtrend line, it will be the time to buy looking for the upper level of resistence, above 22$ for the next months,

Good Luck and Stops always in the markets






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