TradingView
SlavicChartist
Apr 1, 2023 8:16 AM

XAG/USD (1W) Silver could be crisis leading indicator Long

SilverOANDA

Description

Hello Traders, investors and speculators :)

After some time, I have to share chart of silver again. You can see that Silver is approaching and testing most important resistance zone and down trending channel. After breaking the yellow channel, it could confirm growth trend for higher highs.
If Silver can break above 30 USD, it would be a significant recession signal. If so, Silver could be first leading recession indicator. It could grow before the Gold and rise steeper.

Let me know what's your opinion about this specific setup or if you already entered some position ?

Trade and invest safe, something big is coming...
Comments
TradingBrokersView
Good look at the market. I can see the next moves is downward ! We are posting ours for comparison purposes:
TheAmericanTaxpayer
Beautiful chart
More