XAGUSD Silver before rising 9%. The analysis shows that the exchange rate is building a rising wave sequence. The wave sequence can be realized by a 1: 1 fractal copy. That's why I'm looking for long positions. The target price is 19.3367usd
Silver is said by many to be the 'cheapest' metal around. I would agree. The potential for silver is currently underestimated. I agree with forecast shown.
meszaros
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@Captain_Walker, Thanks for the comment. I agree with you. Currently, according to the analysis, Silver is copying 1: 1 fractal. I will not close a position near the target price, but convert the risk reduction into a target price strategy. In case Silver gets over the target price, I'll stay in position.
Seven77777
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looking forward to the future of silver
meszaros
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@Seven77777, I look forward to rising EURUSD. In other words, I assume the dollar is weakening. Therefore, the prices of raw materials may rise. It may be eloquent that Silver and gold gained strength so much that the dollar strengthened in parallel. In the event that the dollar strengthens, it may be an additional boost for silver.