SLV January 2021 range forecast $29.92 - $32.17

Nov 6, 2020

Silver is in two metal categories. It is considered a precious metal used in jewelry and coins. And it's an industrial metal because it is the best thermal & electrical conductor ideal for electronic technology devices. Yesterday, on November 5th, The Federal Reserve voted to keep short-term borrowing rates anchored in a range between 0%-0.25%. Economic activity remains “well below” levels prior to the coronavirus pandemic, the Fed’s post-meeting statement said. Fed officials have been vocal about the need for more fiscal and possibly additional monetary support. With technology demand rising and inflation forecast rising, silver is well positioned for gaining value into the future. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action
Volume average
Trend momentum
Current events
Revenue & Earnings
Debt / Cash
Book value

7 Common mistakes:
FOMO
+5% portfolio trades
Bad risk management
Emotions & Opinions
Lack of planning & discipline
Forgetting restraint
Repetitive errors

7 Important tools:
Trading View app
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Brokerage UI

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
tradingview.com/u/growerik/