majorlee
Long

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:
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
Comment:

another quality chart from @threesteps
Trade active:

DXY pushing hard giving good entries for Gold and Silver

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