ChartProphet

Double Descending Silver Wedge

Long
ChartProphet Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
It looks like silver might be ready to break out of a small descending wedge which I predict would then lead to a break of the larger one and a run past $16 would be eminent.
Trade active:
The market looks to be moving along quite well, I expect some consolidation or hesitation around $16 but would NOT be surprised to see a run past it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.