Silver a laggy follower of DXY. Target $70/ounce.
You can see that Dollar Index is influencing Silver. Silver is laggy following DXY.
As can be seen from the Dollar Index DXY, it caused a financial crash in 2008 at ATL (bottom). Now DXY is rising continously. Target for DXY is 140 points. Target for Silver is 70/ounce.
As can be seen from the Dollar Index DXY, it caused a financial crash in 2008 at ATL (bottom). Now DXY is rising continously. Target for DXY is 140 points. Target for Silver is 70/ounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.