SILVER (XAG/USD) – Week 12 – Sweet spot on the radar.
Last week was a corrective week for Silver, as the FOMC meeting had little impact on the price.
For this week, we expect the price to give us a reaction at the “sweet spot” located around the $27 area and then resuming its bearish move towards our target. After our target is reached, we are expecting a strong reversal. Supported by a powerful Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach at least the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to give us a reaction at the “sweet spot” located around the $27 area and then resuming its bearish move towards our target. After our target is reached, we are expecting a strong reversal. Supported by a powerful Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach at least the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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