Back to Trade Signals
market-updatetrading-signal
Silver (XAG) - Edition #1
Silver (XAG) - Edition #1 - Read the full update on Zelf Trade.
LR Guizado•
Silver (XAG) - Edition #1
Macro Outlook 🚀 Bullish 🚀
- This is a no brainer long from a macro perspective.
- We have a bullish macro trend active with expiry set for June 2027.
- First target $40, followed by a new all time high of $55 and then $70 price mark.
Now what?
- From a macro perspective we could perfectly have a sharp retrace towards the $26 - $22 price range and we’ll remain completely bullish.
- It will be a perfect long entry if we do get this retrace.
What to expect in the short term?
- Price managed to break above previous high and is currently trading above key level which is a good sign for bullish continuation.
- Anyone wanting to add exposure below is our trading idea:
- Entry $30 - $29
- First target $35.5
- Stop loss $28.5
Disclaimer
Not financial or tax advice. Zelf Trade is not a financial institution. No content on this Newsletter is financial, accounting, legal or tax advice. Zelf Trade content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclaimer: This content was originally published on Zelf Trade.