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#Silver is seasonally bullish through until the end of February and the price has recently reacted bullish from the range lows. Could this offer some bullish trading opportunities?

Watch the video to learn more…

Silver Trading Analysis

silver forex chart of the day

The price of Silver is on the radar for the next couple of months as the seasonal chart shows us that the price typically finds a low in December and rallies. This combined with other recent factors such as the risk off sentiment in the market could drive Silver prices higher.

Looking at the weekly time frame the price has found support at the range lows. The last few times the price has visited this zone the price has rallied. We can also see that the price action the past fews weeks has been low in range suggesting that the selling momentum is fading. 

The right hand chart shows the 4hr time frame, this market typically will form an uptrend if the weekly market remains bullish. We can see that the price has made a higher high recently and is currently in a retracement phase. However, if the price was to form a higher low at a minor support zone we could look for long opportunities in line with the seasonal patterns.

Haven’t’ had chance to see our week ahead analysis? you can catch up here.

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