Silver Futures: Price trends are up – Charles Schwab

Silver futures have retraced over 50% of its recent down move. Recent price trends are up, as prices found support three different times at the 38.20% fib level around 14.50, per Charles Schwab.

“The Fibonacci tool indicates support at 15.40 with a breakout target level of 16.20. A break to the downside, however, could see the fourth test of support back down at 14.50.”

“Momentum is clearly trending up forming a bull flag pattern. Following the 38% rally off recent lows, bulls are stepping back in after a brief period of profit-taking.”

“The downward channel could now support another up move as long as momentum remains bullish. A break below 15.40 could be a signal of renewed weakness. The stochastic RSI rolling over below 80% would also be a signal of momentum slowing and turning negative.”

Related Post

EDUCATION BEFORE INVESTING

Learn How A Precious Metals IRA Can Secure Your Retirement

The precious metals market may seem intimidating, but it’s not as it seems. Our team has compiled a summary of our tips and information into a free guide so you can learn how to begin securing your future.

TALK TO AN IRA ACCOUNT MANAGER

We Will Guide You Every Step Of The Way

Schedule a Call
Learn Why Everyone Should Own Real Gold & SilverRequest Your Free Step-By-Step Investment Guide

"*" indicates required fields

Name*
I'm interested in (please select all that apply):
Hidden
This field is for validation purposes and should be left unchanged.

Inside this Free Investment Guide

  • How a Gold IRA Gives You Full Control.
  • How You Can Grow Your Retirement.
  • How to Open a Gold IRA Tax & Penalty Free.

Disclaimer

By clicking the button above, you agree to our Privacy Policy and Terms of Service and authorize Oxford Gold or someone acting on its behalf to contact you by text message, ringless voicemail, or on a recorded line at any telephone or mobile number you provide using automated telephone technology, including auto-dialers, for marketing purposes. No purchase required. Message and data rates may apply. You also agree to receive e-mail marketing from Oxford Gold, our affiliated companies, and third-party advertisers. To opt-out at any time click here or reply STOP to opt-out of text messages.