Silver broke out - Path is clear towards 20$

FX:XAGUSD   Silver / U.S. Dollar
$XAGUSD finally broke out above its weekly downtrend line.
It closed above its Fast SMA line and now trying to close above the 50 SMA line
Even in case of a minor pullback towards 14$, it seems like $XAGUSD path towards 20$ was determined by the breakout.
A close above 16$ will be a good weekly confirmation signal
Those who recall, I posted longer term analysis for metals few weeks ago suggesting metals will be good investment in 2016

Tomer, The

Follow me on TradingView
Follow my blog -
Subscribe to my mailing lists -
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out