🥈 #XAGUSD Silver moves in the corridor. It had formed a falling wedge pattern and broke out it. The main task for the bulls will be to gain a foothold above 26 and break the $26,6 price level shortly. The target is the resistance level .
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👋🏻Best regards, EXCAVO
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👋🏻Best regards, EXCAVO
Chat | Crypto Channel | excavo.finance | CAVO chat | BitClout | Instagram | Facebook | Twitter | Medium | VIP group |
#XAGUSD
🥈Silver moves in the $22-30 price range. There is a supply and demand zone. We formed the falling wedge pattern. Shortly, I expect an uptrend towards the middle level of the price range.
EXCAVO | Stocks & Forex Chat | Crypto Channel | Instagram | Twitter | VIP Service
🥈Silver moves in the $22-30 price range. There is a supply and demand zone. We formed the falling wedge pattern. Shortly, I expect an uptrend towards the middle level of the price range.
EXCAVO | Stocks & Forex Chat | Crypto Channel | Instagram | Twitter | VIP Service
EXCAVO: STOCKS & FOREX
#XAGUSD 🥈Silver moves in the $22-30 price range. There is a supply and demand zone. We formed the falling wedge pattern. Shortly, I expect an uptrend towards the middle level of the price range. EXCAVO | Stocks & Forex Chat | Crypto Channel | Instagram |…
🥈 #SILVER #XAGUSD
▫️Unlike gold , it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry.
▫️Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's reserves of this precious metal may theoretically be exhausted within 15 years.
▫️If we look at most of the large-scale, global crises and the reaction to the precious metals market, we will see that demand has only increased. Silver is an excellent tool for diversifying a long-term investor's portfolio.
▫️The growth potential is incredible in the long term, speaking of an investment of 10 years or more.
▫️Technically:
There is a clear uptrend. A Cup and Handle pattern is forming on the monthly chart. Also, the 50-100-200 moving averages have recently crossed. It is a strong buy signal. 🔗Link
▫️Unlike gold , it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry.
▫️Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's reserves of this precious metal may theoretically be exhausted within 15 years.
▫️If we look at most of the large-scale, global crises and the reaction to the precious metals market, we will see that demand has only increased. Silver is an excellent tool for diversifying a long-term investor's portfolio.
▫️The growth potential is incredible in the long term, speaking of an investment of 10 years or more.
▫️Technically:
There is a clear uptrend. A Cup and Handle pattern is forming on the monthly chart. Also, the 50-100-200 moving averages have recently crossed. It is a strong buy signal. 🔗Link