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SILVER (XAGUSD): Very Bullish Outlook
CFDs on Silver (US$ / OZ)
Long
SILVER (XAGUSD): Very Bullish Outlook
By NovaFX23
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Oct 16, 2024
1
3
10
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Oct 16, 2024
I’m feeling very optimistic about the outlook for silver.
After a strong upward trend, the pair had been trading in a narrow range on the 4-hour chart.
Today, it broke above that range, and I expect this will lead to a move toward the next resistance level at 32.33.
For potential entry points, it might be wise to look for a retest of the breakout level.
Chart Patterns
Supply and Demand
Support and Resistance
NovaFX23
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