Mihai_Iacob

Silver is consolidating above support

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Exactly like Gold, Silver is also in a consolidating phase.
However, unlike its bigger brother, Friday's NFP left a Bullish Engulfing on our chart, which could give scope to rise further.
Confirmation comes with a break of 23.60-23.70 zone in which case 24.80 zone is exposed, so, 1000 pips rise.

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