Long

SILVER (XAGUSD) Important Breakout & Swing Move

Updated

In comparison to gold, silver looks very bullish on a daily chart.

After a long-lasting correction cycle within a falling wedge pattern from the beginning of February,
last week the price managed to break its resistance to the upside.

Now the market is trading above that and so far it did not manage to return back within its boundaries.

I am bullish on silver and expect a bullish continuation.

Next resistances:
26.4
28.0

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Note

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