XAGUSD: Silver Edges Closer to Breakout Territory

From dailypriceaction.com

Silver (XAGUSD) is knocking on the door of a bullish breakout. I’ve discussed the bullish outlook for XAGUSD since it was trading at $18.21 on July 13th. We’ve also been monitoring the bull flag pattern on the daily chart below (second chart) since October 13th. All of that build-up may be about to pay off for buyers. But first, let’s revisit the monthly chart for silver. There’s no denying that 2020 has already been a big year for XAGUSD bulls. After six and a half years of consolidating below the $22 area, silver finally broke out this past July. And it was no ordinary breakout, either. The six and a half ... (full story)