InvestingScope

XAGUSD: The 1W Golden Cross may be the opportunity of the decade

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy opportunity of the decade on this asset or at least we are getting there.




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