KQMarkets

Silver - Long above key support level

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
We still see Silver moving higher above the support level $17.382 as we await further developments with Brexit as well as the US and China trade war. There could be major upside potential for Silver if negotiations for both these events do not go well in particular as the FED are likely to cut rates at the end of October which would provide further upward momentum for Silver.

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.