$XAG CFD - Silver can go to 30 and above if it clears 28 here
As said before and I will say it again, in the past months, Silver's trend and evolution is much clearer than Gold's
As you can see from the chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold ), Silver has had a clear uptrend.
More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver , being far from a drop and just a simple and minor correction (22% higher than the recent low).
I expect this divergence to continue, and Silver to be more bullish than Gold also in the future.
My strategy for Silver is buying dips and I expect $28 zone to be broken and accelerate its up-move.
The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.
As you can see from the chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold ), Silver has had a clear uptrend.
More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver , being far from a drop and just a simple and minor correction (22% higher than the recent low).
I expect this divergence to continue, and Silver to be more bullish than Gold also in the future.
My strategy for Silver is buying dips and I expect $28 zone to be broken and accelerate its up-move.
The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.