Strifor || SILVER-21/02/2024

OANDA:XAGUSD   Silver / U.S. Dollar
Preferred direction: SELL
Comment: We are also taking a pause regarding buy-priority in silver, but the medium-term prospects are still on the buyer’s side. In intraday trading, a rollback towards the level of 22.66 is expected. We are considering two scenarios, where scenario №2 assumes a rollback to resistance at 23.32 before a fall to the specified target. To a greater extent, scenario №2 is considered as a potential restart for scenario №1.

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Trade closed: target reached

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