mr_mat_sa

XAGUSD Still bullish?

Long
FXOPEN:XAGUSD   Silver / U.S. Dollar
With current fall of metals in the past week, a lot of traders think we have a change of trend, i do not believe this is true. We were very bullish and the market can’t just pivot without fundamentals behind it. Silver is a highly used material, it is in demand as Tech company use it in the solar industry, and Medical equipment made from it, just to name a few. With current numbers being out on the dollar industries will be looking to buy a lot of Silver, which is why I think we’ll move back up to 30.00 area level. The current support holds then the trade idea is valid.

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