mikebiz
Long

Silver starting possible consolidation on 1H chart

FX:XAGUSD   Silver/U.S. Dollar
53 0 4
The ADX on 1H chart for XAGUSD             has dropped below 20 signaling a period of consolidation may be starting for silver             . If price consolidates over a period of 10 - 20 hours, a breakout to the upside could be the event that starts daily/weekly moving up again to considerable new highs. I'll be watching this and a breakout to upside and if so will be looking for siz16 call to buy.
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