Short Term Bounce Back, due to oversold Technicals on Silver possible.
We have divergences on the RSI and EFI (Elders Force Index)
We have found support at the 0.5Fib from Covid Low to High
Silver got decimated in the past weeks, so might be due for a bounce.
No investment advice.
I enter on a green candle based on Elder Impulse, will buy a two times leveraged Silver ETF (because this ETF has the lowest spread for any silver etf on TradeRepublic).
We have divergences on the RSI and EFI (Elders Force Index)
We have found support at the 0.5Fib from Covid Low to High
Silver got decimated in the past weeks, so might be due for a bounce.
No investment advice.
I enter on a green candle based on Elder Impulse, will buy a two times leveraged Silver ETF (because this ETF has the lowest spread for any silver etf on TradeRepublic).
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