Ratio_Trading

Silver XAG/USD - Long

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Looking at the daily chart on Silver, we are currently trading in the 5th wave of a decline. While some short-term weakness is possible towards 18.45/18.18, we recommend buying at these levels for a move back towards 21.68 and 22.70. The bullish RSI divergence confirms our view as well.

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