XAGUSD broke out of the yellow downtrend line last week. Now, it has successfully retested the breakout as support. If the support holds, Silver should see a large run to the upside with the first resistance being the cyan uptrend line. The 50ma (blue) and 200ma (yellow) are curling up and will act as large support areas if Silver downtrend momentum continues. We would love to buy more Silver if it dips to those levels! - HH
HH
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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.