Yo guys, $XAG is really starting to show its teeth.
We got wrecked from $121 to $64 at the beginning of February, a 47% drop, and now suddenly +5% in 24 hours, $84.57 this morning,
high $84.81, +31% from the bottom, damn, that's not a small rebound, huh? EMA7 at $83 already clear above, EMA25 and 99 below the price, insane volume,
1.2 billion USDT traded, green candles coming thick and fast, Bollinger Bands opening at the top, support at $79-80 held like a brick wall.
Safe haven with tensions everywhere, industrial demand picking up strongly, big funds slowly returning to silver... for me it's crystal clear:
XAG is going to make a significant rise, like 20-30% minimum in the coming weeks.
$92-100 without any trouble if the momentum holds.
No messing around, put your stop below $79 if you go long.
Personally, I'm loaded and I add to my position on dips.
#Silver #Market_Update