Samnzimande

Non-farm payroll Boost Silver

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD was called few days about its outstanding performance and the non-farm payroll just boosted Silver's price 15.43 Per Silver.
On technical terms there was several reasons why this Commodity was gaining strength all of a sudden, first we spotted a sideways triangle getting a understanding of the price compressing, secondly it perfectly rejected on the recent support level confirming buyers started to jump in and thirdly, an Harmonic pattern that was explained on the previous post.

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