SILVER (XAG/USD) – Week 10 – $24 target edging closer.
As forecasted in our previous market outlook, Silver continued its bearish move the whole week reaching the $25.
Short-term we expect Silver to reach our $24 target that coincides with a major support area, as the metals are heavily impacted by the strength in the US Dollar and the rise in the bond market.
Supported by a strong Weekly bullish trend, Silver could provide a great investment opportunity, having a 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.
Short-term we expect Silver to reach our $24 target that coincides with a major support area, as the metals are heavily impacted by the strength in the US Dollar and the rise in the bond market.
Supported by a strong Weekly bullish trend, Silver could provide a great investment opportunity, having a 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.
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