Eboard10

Silver to revisit last year's $21 high

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
The precious metal charts are looking very bullish, with a clear 5 wave structure off the Dec' 15 low followed by a corrective 3-wave retracement marking the end of wave (2), meaning that we have now resumed the bull trend. The price of Silver has been rising steadily for the last month and we should see this trend continue, taking us close to last year's high of $21 over the next couple of months.

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