SILVER (XAG/USD) – Week 4 – Bearish sentiment to resume.

As mentioned in our previous Silver analysis, we expected a price retracement to take place in order to back-up the previous descending impulse. As the week began, we now anticipate a slight price increase that may test the $26 area before starting to fall. As a result, our medium-term target is around the $21 levels.
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 manually:

Downside still expected.