FOREXCOM:XAGUSD   Silver / U.S. Dollar
Please see link to my previous idea for XAGUSD -

I'm looking at the prospect of silver dropping next week followed by a ranging period in the 19.000 - 20.000 levels towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line.

Quick impulses upwards would indicate a bullish breakout and a move back up to test the 2020 high. When the outlook is better post Covid and when all things become fully operational, manufacturing should pick up. As a result, demand for silver shall increase.

In brief, a short term short followed by a longer term move up.

Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated.


Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.

Do not trade or speculate based solely on the information provided.

Trust your own analysis.
Beyond Edge


Trade active: Initial target around 22.200 along the channel mid line.

Comments

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