Here Come New Ideas For Silver
Silver metal prices traded narrow bound since 1.7.016 –between 19.20 to 20.70 apx,if we will look closely at the charts we can see some interesting things : first, you can notice the pattern that was shown on the silver chart- flag pattern suggest break up will lead to 22.60-23.50 price area
While breakdown will lead to 17.60-16.20 price area
YOU CAN READ ALSO SEE MY LAST POST FOR MORE DETAILS
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| silver |
The COT investigation show an advancement Hedgers’ present grow net position in silver – on the short side plus if we will look on history , we can see that it’s the same behavior – accrued few times in the past ,while the most significant occasion appeared in 26.2.2008
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| xagusd |
In Traders Commercial Hedger- Commitment Of Traders (COT) tracks the net situating of different gatherings of brokers in the prospects market.
In this way, it is completely conceivable that the cost of silver keeps on moving in the close term as the Hedger short position probably gets bigger
One more point of view came from looking the speculative trader 80% are long on the silver long time:
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| silver cot |
This situation is Tends to run out from the side of the losers …..
The COT investigation is more workmanship than science. The metal has become obliterated and it unquestionably could advance regardless of the vast Hedger short. In the event that it does, it would likely be a decent more term sign for the metal. Be that as it may, that is a little, rather subjective silver covering for bulls as it relates to the COT positions.
It will be very interesting to see what will develop with silver
Blow off from 2010-2011 didn’t finish, as long as silver metal remains below 24 area
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| silver technical analysis |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice