SILVER (XAGUSD) Important Decision Ahead ๐Ÿช™

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Watching how Silver dropped sharply yesterday,
here is the urgent update:

Even though the price managed to slightly violate a key weekly level,
for now, the price is still standing on that.

Here are two scenarios for your to follow:
  • Bullish
    While the price is trading on the underlined key level I still remain bullish biased.
    The confirmation of a coming bullish wave will be a bullish breakout of a falling parallel channel.
    Only then a strong swing move will be expected.

    Next support will be 24.7

  • Bearish
    In case of a bearish breakout of the underlined yellow level (weekly candle close below) a bearish continuation will be expected.
    Next support to watch will be 19.0 - 20.0 area.


Wait for the reaction of the price & then follow the market.

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