KQMarkets

Silver - Long - Further Upside Potential

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FX_IDC:XAGUSD   Prata/Dólar Americano
We indicated that we saw Silver rising if it broke the resistance at $17.3 in our last analysis which it did and Silver has now exploded past $18. So we see prices consolidating at this level and moving higher in particular if there is an escalation the US and China Trade war. Our near term target is at the resistance level at $18.2 but would not want to see price action move back towards $17.3 which could lead to further downside.

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