The last time I wrote about XAGUSD (silver), the metal was breaking out of a wedge pattern on the daily time frame near $18. It was a pattern that was incredibly similar to the one that developed a few weeks before at $15. Following that breakout, XAGUSD retested the top of that wedge pattern but never closed back inside of it. That meant the $18 area was always holding as support. Our target following that breakout was $19, which I also wrote about on June 30th. Notice how the $19 region is the top of a multi-year descending channel. Silver hit our $19 target on Monday. But I don’t expect channel resistance to hold ... (full story)