SDMarik
Long

All this attention on gold, don't miss a breakout on silver!

FX:XAGUSD   Silver/U.S. Dollar
165 0 4
There has obviously been a ton of attention on gold             recently, but silver             trades in a very similar fashion to gold             , and will also have a nice run as our markets and dollar continue to fall. It seems to be on the verge of a nice breakout, it has establish multiple tops on its trend line and recently broke though its trendline and first fib level.

If it can consolidate here shortly, it will be poised for a nice run, I would set stops just under the current breakout line and look to take my first profits at the .5 fib retracement. and set my 2nd stop under where it breaks the first Gann level. Second TP at .618 fib retracement.

Make sure to keep an eye on the action around the first possible resistance and the .382 fib level.

Good luck!
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