Silver has been giving us signs lately. Its movements ( wicks) are showing us selling pressure up above. Mix this with what it now looks like a .. and we have a potential run ahead of us. DXY just can't seem to really fall at the moment which is not a positive outlook for silver . As we all know, like to follow each others movement. Gold is also doing the same thing as silver . This brings us to believe that we might see silver going down yet again.
Here's what I'm thinking :
ENTRY : 17.112
SL : 17.297
TP : 15.86
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
A few pips banked!
USD getting weaker will make XAG price go up!