SILVER falling wedge breakout

2022년 9월 12일

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XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge. If the break is successful then we could see price rising to the resistance @ 26.21.

GOLD/SILVER ratio (see chart below) reached strong resistance and now dropping hard (as predicted) meaning that silver is stronger than gold. This is usually the case in metals bull market, silver is just high beta version of gold (aka gold on steroids).

Are the metals bulls around the corner?

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

2022년 10월 5일

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See my new GOLD analysis supporting this SILVER idea:

2022년 12월 21일

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This idea is aging well. Check follow up down below 👇