SILVER (XAG/USD) – Week 21 – Expecting a trendline breakout.
Updated
As we mentioned in our previous forecast, Silver seems to have started a small pullback.
For this week, we anticipate the price to rise correctively and break the blue trendline, making way for the bears to push the price towards the support level.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we anticipate the price to rise correctively and break the blue trendline, making way for the bears to push the price towards the support level.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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