SILVER (XAG/USD) – Week 5 – 24$ next stop?

As mentioned in our previous Silver analysis, the price retracement that we’ve been expecting, has been completed and now we wait for a confirmation that it will indeed be heading towards 24$ levels. The resistance area highlighted on the chart could be strong enough to reject the bulls, therefore our focus for this week will be on a bearish move if we get a clear setup. Don’t jump in any trades and wait for your setups whereas the price may continue upwards.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Trade closed: target reached:

Target reached for this week.