XAGUSD: Silver’s 2021 Rally Starts With Breaking $24.80

From dailypriceaction.com

Silver (XAGUSD) is on the verge of a massive breakout. I’ve been writing about the bullish scenario for XAGUSD since October 13th. Back then, I said that silver was a “buy the dip market”. And that remains true today. Those who bought the recent dips above $22 are in profit or at breakeven in a worst-case scenario. But the gains from XAGUSD may get kicked into overdrive soon. Before we get to that, I want to call your attention to the monthly chart. I’ve recently mentioned this, but it’s important to remember that 2020 has already been a breakout year for silver. The fact that XAGUSD broke free from this ... (full story)