SILVER (XAG/USD) – Week 11 – Correction will continue.
As we predicted in our previous market outlook, Silver entered a consolidation phase.
For this week, we expect the price to test the resistance located at the $27 area, before resuming it’s journey towards our $24 target.
Supported by a strong Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to test the resistance located at the $27 area, before resuming it’s journey towards our $24 target.
Supported by a strong Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.