Viktor_strifor_analyst

Strifor || SILVER-Mid-term view

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Preferred direction: SELL
Comment: Metals have been at the top of trends lately. It’s not surprising to have such a performance, especially in the case of gold. A corrective downward movement is expected in the near future for silver and gold, and if we are talking about the medium term, then we can already enter into sales. However, in the short term, this will be a rather hasty decision.

Today we have two scenarios for silver in our arsenal, and both scenarios involve preliminary growth before a fall, which is currently being considered at the level of 26.50.


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