XAG/USD Buy Opportunity?
If you have been following my analyses you know that I am a firm believer that inflation is "not transitory" in the U.S. and that precious metals will shine in the long run and reach new highs soon.
Now looking at the Silver 4H chart, you can see that silver is now in wave IV of wave 3 and I expect silver to reach $30.00 for wave V in order to finish (intermediate wave 3 of big wave 5) looking at the bigger picture. For now, you can capitalize on good trade towards $30.00 which is the 100% Fibonacci Extension as your first target.
Now looking at the Silver 4H chart, you can see that silver is now in wave IV of wave 3 and I expect silver to reach $30.00 for wave V in order to finish (intermediate wave 3 of big wave 5) looking at the bigger picture. For now, you can capitalize on good trade towards $30.00 which is the 100% Fibonacci Extension as your first target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.