XAG/USD BUYS!!!
Updated
If anyone is looking at this chart, no way in hell are they shorting this pair! Fundamentally Silver moves similar to Gold. The upside potential for Silver is massive! Take a look at the weekly charts and let me know whether you agree or not.
Technical-wise: Silver just rejected the bearish move after touching 0.618 fibs level and has shown pretty strong bullish move up. Have been adding positions to my Silver trades as it went down. Still pretty bullish on this pair. Will take a look if this pair makes an impulse move up, or if it makes small moves up to decide what I would do with the trade.
Technical-wise: Silver just rejected the bearish move after touching 0.618 fibs level and has shown pretty strong bullish move up. Have been adding positions to my Silver trades as it went down. Still pretty bullish on this pair. Will take a look if this pair makes an impulse move up, or if it makes small moves up to decide what I would do with the trade.
Trade closed: target reached
Beautiful jump right on the close of the markets. If the 15.820 levels get breached, we could see XAG/USD head all the way up to $20.Note
Analysis has been absolutely perfect this entire run. Encountered major resistance at $16.10 levels. Will be looking to re-enter pretty soon! Look out for more analysis on Silver! Don't forget to follow me on my Telegram channel, link in bio! :)
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