bizmark

SILVER falling wedge breakout

Long
bizmark Pro Updated   
FX_IDC:XAGUSD   Silver / U.S. Dollar
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XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge . If the break is successful then we could see price rising to the resistance @ 26.21.

GOLD/SILVER ratio (see chart below) reached strong resistance and now dropping hard (as predicted) meaning that silver is stronger than gold . This is usually the case in metals bull market, silver is just high beta version of gold ( aka gold on steroids).

Are the metals bulls around the corner?

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Comment:
See my new GOLD analysis supporting this SILVER idea:
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This idea is aging well. Check follow up down below 👇

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