Silver weekly analysis
Silvers tend is up but it has some key levels pass:
1) A weekly close above 18.708 is another victory for the bulls.
2) there is a weekly supply level at 20.884.
3) 27.50 is the best supply zone on the chart and price has not yet been there.
the current weekly pin bar is due to stops being above the 18.708 level from everyone who was short. Question is really if the big banks wanted liquiditiy make a short move OR my preffered option..this is just a small retracement to absorb the shorts and price will continue pushing up. and..silver is going to explode to 27.50
1) A weekly close above 18.708 is another victory for the bulls.
2) there is a weekly supply level at 20.884.
3) 27.50 is the best supply zone on the chart and price has not yet been there.
the current weekly pin bar is due to stops being above the 18.708 level from everyone who was short. Question is really if the big banks wanted liquiditiy make a short move OR my preffered option..this is just a small retracement to absorb the shorts and price will continue pushing up. and..silver is going to explode to 27.50
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