IvanLabrie
Long

Silver: Potential 6 week uptrend

FX:XAGUSD   Silver/U.S. Dollar
106 8 9
The chart shows different channels and areas of congestion that give us an idea of how price can move in the coming weeks.
I expect it to move up, to hit at least the 20 dollar mark in the coming days.
Upwards potential after surpassing these level is high, with an intermediate target of 30usd.
Shout out to jangseohee and his monthly channels...saves some time. ;)
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thank you I love it
+1 Reply
IvanLabrie PRO manijeh.kazemi.33
No, thank you for stopping by.
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Interesting addenda:
snapshot

The silver/gold ratio chart shows that we're reaching a bottom, and soon to reverse to retest the horizontal support/resistance line.
So, I think it's time to sell gold for silver, or close to it.
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Nice increase, 147 pips up so far.
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snapshot


Time to buy in is close, wait for it to reach the green dotted line for best results, at the very least it'll retest 17.818, would get worried if it were to crash below 16.459.
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IvanLabrie PRO IvanLabrie
No need to update my chart when Tim just published this.
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