Looking at the Daily Chart, we can see that XAG/USD finished 5 waves up and its ABC correction. Also, XAG/USD couldn't break the previous wave 4 which is a very critical level at (24.800), and not breaking it next week will push Silver to begin a new impulsive wave to the upside possibly reaching new highs this time. We have seen new highs for Gold and Bitcoin and I think now is the time to see new highs for Silver.
What is interesting also, is that the market closed last week with an amazing reversal candle signaling the strength of the 24.800 level and a very high probability of starting to see both Silver and Gold going up again.
What is interesting also, is that the market closed last week with an amazing reversal candle signaling the strength of the 24.800 level and a very high probability of starting to see both Silver and Gold going up again.
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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.