sorinT

Channel breakout - XAGUSD

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar

Last night the descending channel was broken, so one should expect a retracement with a first targe at 14.6x.
Longer-term trend (on weekly chart) still remain bearish, so one has to be careful not to overtrade this bounce.

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.