themarketzone
Long

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 http://goo.gl/pedpva

Tomer, The MarketZone.net

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