/SI is an excellent long once it breaks above the 200dMA @ 18.43

Kontrak Berjangka Perak (COMEX:SI1!)

COMEX:SI1! Kontrak Berjangka Perak

SI SLV 200dma LONG short precious Metals fibs Momentum Indicator (MOM)

si slv 200dma long short precious metals fibs momentum

I'm quite bullish metals, but /SI needs to break and end above the 200dMA of 18.43. It's rejected it four times now which is bearish, but eventually it'll surpass it and that's when you should enter long. I'd hold off being long or short as you never know what will happen tomorrow. Watch Wednesday's FOMC meeting to perhaps be the catalyst that pushes it above 18.43.

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