iShares Silver Trust

• 2021-02-25
• Traiding Idea

This is the position of an investment fund, that works in the field of silver business and is managed by the grand Blackrock investment firm. Generally, there are positive predictions on silver business recently.

As you can see, after the breakage of triangle and pullback, the price broke an important surface as well. But then in a matter of one hour, it had another pullback on this surface. In daily timeframe, there is a Hammer and reversal candle. That’s why it is a good idea to enter a buy position in this limit.

Summary of analysis and signal : 

Entry point: 25.5

stop-loss: 24

Take profit 1: 27.9

Take profit 2: 30