EOD Market Update on Silver (SLV) 10/16/2017

in #investments • 7 years ago

Summary: At the timing inflection point we saw silver sell-off breaking below the 0.50 retracement then bouncing back to the middle of the trend channel. Based on the pull-back i was able to update the trend channel since such channels cannot be truly defined until we see pull-backs. I am still bullish on SLV but we need to see a recovery in price over the next couple days to remain as such. The USD will play a key role in all this so keep an eye on DXY for clues.

#technical-analysis #silver
7 years ago in #investments by
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     7 years ago 

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         7 years ago 

        Thanks for this nice post @dankh I'm looking forward to Your next post

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