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PersianAnger

Silver -- Breaking point!

Long
Silver / U.S. Dollar (FX:XAGUSD)  
PersianAnger  
FX:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis Silver USD silverusd Commodities Gold euro Currencies Forex
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trendanalysis chartpattern beyondta silver usd silverusd commodities gold euro currencies forex
According to Fibonacci,

Silver in a bullish scenario : $22-$24

Silver in a bearish scenario : $9 - $11

US Dollar is getting stronger compare to other currencies. Countries are eager to turn their cash to Silver and Gold, before they get bankrupt and keep the value of their money. It is likely to see a bullish run on silver shortly.
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