Silver Seems Ready To Shine Once Again Amid Volatility
Satendra Singh | Sep 10, 2017 10:38AM ET
Silver futures price seems ready to move upward after a little downward move amid growing volatility due to prevailing geopolitical concerns. A sustainable movement inside the Bullish Flag zone, which I noted in my last analysis on August 9th, 2017, may be seen in the same Daily Chart analysis on September 9th, 2017.
My second conviction base for the sustainability of the bullishness of Silver futures price after a little downward move is the position of price level on September 9th, 201 in the same Daily Chart pattern which I noted in my analysis, may be seen in the same Daily Chart analysis on September 9th, 2017.
A possible retrieval inside the same bullish channel seen in the bullish channel may bring the silver futures price towards achieving new heights. Any sharp downward move may provide a fresh buying opportunity, but needs patience for creating a fresh long position during its retrieval above the level of $16.312.
No doubt, precious metals may see volatile moves during the Week of September 10th, 2017. Be careful and have patience.
Have a nice trading week. Good luck.
Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.
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