SILVER: Can collapse if this level is not recovered

This is a long term outlook on Silver/ XAGUSD and its weekly chart. There is a pending Death Cross on the 1W time frame (blue MA50 to cross below the orange MA200). The 1W RSI pattern points towards the 1979 - 1989 Cycle where its 2nd Death Cross started a new multi year collapse that made a new market low.

This can be avoided only if the metal breaks above its invalidation level that is on its last Lower High (around 27.000). See on your own that the 1W Death Crosses in the past have been invalidated only above the last Lower High. Those that didn't kept Silver in Bear Markets. Until that happens, selling the rallies is our strategy.




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