SLV seems to be trading within the range.
This may provide a good opportunity to take a position.
On the Ichimoku Daily Chart, SLV is in the bearish zone under the kumo.
Resistance from the kumo is around $36 and $40
However, on the Ichimoku Weekly Chart, SLV bullish trend is still intact.
One thing to be careful on the Weekly Chart is that a letter ‘h’ seems to be forming.
If it breaks downwards, the bearish outlook will continue.
I will try to look for an bullish entry around $32 and keep a tight stop loss.
