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Video: Updated Silver Price Analysis for February 2021 – Silver Breakout Coming?

In the present video, David Jones from Capital.com provides his updated forecast for silver in February 2021. He starts the video with fundamental analysis, discussing the recent price moves, the reasons behind them, and factors that may affect the metal in the future. Next, David lists the major support and resistance levels. He then turns to technical analysis, showing charts and technical indicators and trying to predict where prices may go next. In the end, David decides to remain a buyer, placing a buy order slightly below the current level and setting a stop-loss about $4 below to give the market a breathing room. He believes that silver may reach the $30 level but it may take some time for this to happen.

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Published under: Forecasts, Silver, Trading Videos

Via Commodity Blog https://bit.ly/2OA2lVq

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