From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with H1/M15.
Silver market reached today in the vicinity of an important (especially from the point of view of the daily interval) support 17.26 and measuring 38.2% Fibonacci correction of the previous growth impulse. Rejection of this level would be a signal for continuation of growth in near future. An additional confirmation supporting bullish scenario is also divergence seen on the oscillator Stochatic. In short term should therefore be considered a CALL option on this instrument.
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