Head and Shoulders top in Silver

Jan 31, 2023

Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75.

Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.

Feb 17, 2023

Trade closed: target reached