Silver price sees increased open interest in Comex contracts, a key indicator of fresh capital flowing back into the market, with $SI at $67-$71.
Entry: 67
Target: 71
Stop Loss: 63
The silver price is caught between two dominant forces, with the signing of a US-Iran peace memorandum and the reopening of the Strait of Hormuz easing energy-driven inflation fears, while the Fed's possible rate hike in December keeps a lid on things.
Not financial advice. Manage your risk.
#SilverPrice #Comex #LongSetup
🚀
Entry: 67
Target: 71
Stop Loss: 63
The silver price is caught between two dominant forces, with the signing of a US-Iran peace memorandum and the reopening of the Strait of Hormuz easing energy-driven inflation fears, while the Fed's possible rate hike in December keeps a lid on things.
Not financial advice. Manage your risk.
#SilverPrice #Comex #LongSetup
🚀