FXHighway
Long

Silver gets positive formation

FX:XAGUSD   Silver / U.S. Dollar
28 0 1
Target: 17.75
Risk: 14.25

Technical Reasons

Silver             price completed forming falling wedge after breaching its resistance line that turns into support now at 15.00, to turn the destination upwards, getting clear positive signals offered by stochastic besides the exponential moving averages 50 and 100.

A retesting process is waited now for the breached resistance before heading to the expected targets, which reached 17.75 on the near term basis.


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