XAG/USD Analysis: Falling Wedge Breakout Signals More UpsideAs I mentioned in my previous analysis, I am bullish on OANDA:XAGUSD , in addition to Gold.
The price has now clearly broken above the falling wedge’s resistance.
Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders.
Currently, the price is facing minor resistance just below the 31.00 level.
If this resistance is broken, we could see an acceleration toward my target of 32.00.
As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.