Is this the perfect SILVER setup?

OANDA:XAGUSD   Silver / U.S. Dollar
Silver AU

XAG/USD on weekly

hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now

momentum is still on the downside shown by the cycle of power, we could as low as $14

a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here

Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold , many analysts looking for the to balance out a bit too

aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above

any Q's please leave them in comments or join our telegram channel
Comment: going in with the daily view
Comment: we can see a bit of a dead cat playing out looking to get a proper floor formed or if we test lows for a better entry
Trade active:

silver outperforming Gold today

another quality chart from @threesteps
Trade active:

DXY pushing hard giving good entries for Gold and Silver

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out