As I said in my previous analysis, in a bullish scenario (which I definitely expect), Silver has more to gain than Gold....
Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view.
On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021.
25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view.
On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021.
25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
Trade ist aktiv
Silver is trading above 26 important resistance. A small correction could follow after this break and 26.20-.26.30 could be a good place to enter long for those who missed the start
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