Kumo Breakout in Silver Chart – Technical Analysis
Today when I saw the technical chart of Silver, only one word comes to my mind – Kumo Breakout.
Let's find out what's that & why silver is trading at all time high.
I am using snapshot of Silver chart from MetaTrader software using Ichimoku indicator.
![Silver Ichimoku technical Chart](https://investmentkit.com/media/posts/3903/silver-daily-ichimoku.gif)
Around 26th Aug 2010, Silver price closes above Kumo and at the same time Chikou span (CS) also closes above kumo.
When both CS & price closes above kumo, just buy that without any doubt. That's a signal that price will surely move upwards now. Just keep the Span A and Span B lines as your stop-loss in the beginning & then later on Kijun-Sen figure as your trailing stop-loss. You can use ParaBolic SAR value also as a trailing stop-loss. Whatever you're comfortable with, but don't trade without stop-loss & then trailing stop-loss.
Coming back to Silver chart, one should place trailing stop-loss of Kijun-sen in it while trading.
Hope you like this article. if you've any doubts on it, please discuss the same in comments section below.