Mihai_Iacob

Silver can go to 30 and above if it clears 28

Long
OANDA:XAGUSD   Silver / U.S. Dollar
As said before and I will say it again, in the past months, Silver's trend and evolution clearer than Gold's
And as you can see from the posted 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 (and 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 XagUsd to 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.

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