XAGUSD: Silver Looks Ready

From dailypriceaction.com

In my opinion, silver (XAGUSD) has been a strong buy since June. That’s when I first mentioned the asymmetric risk to reward ratio. Shortly after that post, XAGUSD ran from $18 to $30 in a matter of weeks. But since topping out in August, silver has been quiet. However, I’ve maintained the idea that XAGUSD is heading higher in 2021, which is why I wrote that it was a “buy the dip” market on October 13, 2020. So far, so good. Since last year, we’ve also seen XAGUSD break free from a consolidation pattern I’ve had on my chart. That said, you can see that silver has another resistance level to get past near ... (full story)