XAGUSD H&S waiting for confirmation 20.00 target
Waiting for weekly close above 18.328 to confirm next leg up to 20.00.
Gold/Silver ratio may also be forming a bearish H&S formation which may signal silver bullish bias to persist through 2020.
Usually a bad sign for US stocks.
You can view my other charts for long VIX short gold/silver ratio for reference through my profile.
I'm long silver through micro cap Aussie miners SVL, IVR which are highly correlated with silver price. Will add to positions next weeks if above silver closes above 18.328 on weekly as discussed.
Good luck all.
Gold/Silver ratio may also be forming a bearish H&S formation which may signal silver bullish bias to persist through 2020.
Usually a bad sign for US stocks.
You can view my other charts for long VIX short gold/silver ratio for reference through my profile.
I'm long silver through micro cap Aussie miners SVL, IVR which are highly correlated with silver price. Will add to positions next weeks if above silver closes above 18.328 on weekly as discussed.
Good luck all.