Mihai_Iacob

Silver- Rise towards 30usd

Lång
OANDA:XAGUSD   Silver/USA-dollar
In my earlier analysis of XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support.

As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance level.

Given the bullish trend and the broader market structure, I anticipate a breakthrough above this level, leading to a continuation towards the $30 mark.

However, if the price falls below yesterday's low, it would temporarily halt this bullish scenario.








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