Mihai_Iacob

Silver- Will it reach 28 by year's end. IMO, it will

Long
OANDA:XAGUSD   Silver / U.S. Dollar
In my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart .
As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance.
This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance.
IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R

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