Marto_Jekko

$XAGUSD could make break out from the downtrend channel.

OANDA:XAGUSD   Silver / U.S. Dollar
Silver could rally to R3 level of $20 pretty easily if breaks the yearly pivot of 15.65 - 15.70 and stays above the channel. Please be aware that silver market is heavily influenced by the big trading companies for various reasons and be very cautious with trading size and exit strategy(hedging, SL etc.)

Disclaimer

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.