Mihai_Iacob

Silver- Sell rallies is my strategy

Short
OANDA:XAGUSD   Silver / U.S. Dollar
In my last Silver analysis I said that above 23 is strong sell zone for Silver , and after 3 attempts to stay above this figure, Silver has dropped hard, confirming these attempts as false breaks and breaking back under 22.60 support.
Now XagUsd is trading at 22.15 which is minor support and I expect continuation to the down side.
My medium term target for Silver remains 19usd, but short term traders can see also 21.50 support as a confortable target.
Sell rallies towards 22.60 is my strategy for Silver and the price back above 23 would negate this scenario

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