Silver is at a critical juncture !

in #vincentb3 years ago (edited)

Silver price is now 15.50 and has just moved above its 200dMA (see chart below). If it stays above this level, this will be very positive for this metal and could be the beginning of a major bull-market. If it falls below the 200dMA, it could revisit the previous low of around $14. For some more background, see my previous post on Steemit: https://steemit.com/vincentb/@jmsm2/keep-a-very-close-eye-on-silver-price

screenshot of Silver chart.jpg

DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Please don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.

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Update 25-Jan-19: Price today has moved above $15.60 which is also above the 200dMA. This is very bullish for this precious metal !

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