On October 13th, I wrote about a descending channel on silver (XAGUSD). Due to the recent uptrend that began following the March selloff, this channel looks to be a bull flag. In other words, a close above resistance could trigger a trend continuation. The idea of a higher XAGUSD price is also in line with what’s happening on the monthly time frame. Notice how silver recently broke out of a six-year consolidation period. I can’t overstate how significant that is. The July 2020 breakout alone is incredibly bullish for XAGUSD over the next few years. I should also point out that the $26 area will be a hurdle for buyers. (full story)