Silver (XAGUSD)
Precious Metals
Buy
The speaker examines the limits of the decline in silver prices and the continuity of the main bullish trend.
Seda Yalçınkaya Özer
CNBC-e
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The speaker examines the limits of the decline in silver prices and the continuity of the main bullish trend.
Whether the $76 level is a new equilibrium point after sharp price movements and volatility dynamics are examined.
The speaker scrutinizes the extreme volatility in the silver market, the effects of China export license rumors, and its relation to potential banking crisis allegations.
The speaker assesses that taking new positions in silver at current levels carries high risk and realization probability is increasing, but existing positions can be held and hedged.
The speaker examines that the price has reached record levels with a parabolic rise, approaching the short-term 1.618 Fibonacci target of 81 dollars. It is evaluated that new purchases are risky, but existing positions can be held, and a potential pullback to the 48 dollar level could be an opportunity.
The speaker examines the limits of the decline in silver prices and the continuity of the main bullish trend.
Whether the $76 level is a new equilibrium point after sharp price movements and volatility dynamics are examined.
The speaker scrutinizes the extreme volatility in the silver market, the effects of China export license rumors, and its relation to potential banking crisis allegations.
The speaker assesses that taking new positions in silver at current levels carries high risk and realization probability is increasing, but existing positions can be held and hedged.
The speaker examines that the price has reached record levels with a parabolic rise, approaching the short-term 1.618 Fibonacci target of 81 dollars. It is evaluated that new purchases are risky, but existing positions can be held, and a potential pullback to the 48 dollar level could be an opportunity.