Silver is positioned to grow

22 july 2021 118
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
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Since mid-December 2020, XAGUSD quotes have been "walking" in the range of 25-28 US dollars per ounce.

Probably such "walking" will continue.

On July 19, the figure "Head and shoulders" finished its working out, which, by the way, perfectly fulfills itself, including on silver.

And at the same time, the price collided with the support level of 25 and touched the lower border of the Bollinger bands.

Therefore, there is a high probability that silver will bounce off the support and go up to 26.5 and 28.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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