Continued growth Silver. H4 25.09.2024

Sep 25

Continued growth Silver

Silver is still prioritised for growth to 33, but may pullback before that. The nearest strong zone for buying is 30.60-31.17 where 1/2 margin falls and I recommend to look for overhigh 32.50 with a potential target near option resistance 33. Strong volume accumulation also falls into the zone and strengthens it.

Oct 1

Trade active

Rebound Silver from support zone 📈

In silver on correction, price saw a support zone at 30.62-31.18 which also includes 1/2 margin and strong contract accumulation profile + DPOC. Could make a rebound to buy, so risky on Monday bought with the expectation of a test of the high. Even if it doesn't go down, I have time to pull up the stop or convert the buy to be. The point is that from above there is a strong resistance at 32.50 from which we bounced and often make deep corrections, so we should be careful and keep our hand on the pulse.

Oct 2

Trade active

Silver buys from 31.00 I advise to move to be, not good flat starts. The target is still 32.70, but if it beats be, I will wait for new conditions. I may pullback lower and will update the analysis later.

Oct 4

Trade closed: target reached

Silver hit TP at 32.70