chartwatchers

Silver - The last drop

Long
OANDA:XAGUSD   Silver / U.S. Dollar
On the daily chart's bull flag silver dropped enough to tag the lower trendline.
In yesterday's trading price tagged it and today it's bouncing hard.

When we break 28$ silver will rally to attack the 30 $ level again.
I think this summer we finally break out of the ascending triangle:

Comment:
Backtest underway.
Comment:
We have a swing in silver
Comment:
2021.07.01. Bears tried to stop silver of breaking out of the consolidation. Today they are trying hard again to stop the breakout... it can be an expensive game though. Silver is a small market, if going through important resistances can print huge rallies...
Comment:
If we can close above the 100SMA 28.3 and 30$ is coming.

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