Sign in Subscribe
Commodities

Silver (XAG) - Edition #1

Luis Ricardo Guizado

Luis Ricardo Guizado

— 1 min read
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. 

Read more

Not financial or tax advice. All statements and expressions are the sole opinion of the company and are subject to change without notice. The Company is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial advisor, a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. No content on this website is financial, accounting, legal or tax advice. Zelf Trade content is strictly an information service and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.