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VasilyTrader
Mar 29, 2024 11:24 AM

SILVER (XAGUSD): Bullish Outlook Explained 🪙  Long

SilverOANDA

Description



Silver nicely respected a recently broken key horizontal resistance.
After its retest, the market started to consolidate on a 4H time frame
and formed a horizontal range.

Its resistance was broken yesterday, signifying the strength of the buyers.

The market may keep growing next week, at least to 25.5 level.

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Comments
ICmarkets
It looks like price is fluctuating between two strong support and resistance zones. Interesting to see which direction it might break out in.
VasilyTrader
Are you bullish on Silver?
omz_zz
@VasilyTrader, Bullish as well, do you think this would mean gold is gonna continue higher too?
VasilyTrader
@omz_zz, looks so brother
fdooo1976
Do you think silver and gold are related to each other?
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