SILVER (XAG/USD) – Week 6 – Heading towards $24 zone.

As mentioned in our past analysis, the Silver price didn’t have enough power to sustain a bullish move above the resistance area that we highlighted. Even though Silver slightly broke the top, we still expected the bearish move to unfold in order to finish what it started. In this context we predict the price to head towards the $24 levels, however keep in mind that this will be a corrective move in order for the market to gather further momentum for the weekly bullish trend.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Trade closed manually