KQMarkets

Silver - Long - Key Resistance Level

Long
FX_IDC:XAGUSD   Argent / Dollar Américain
We are currently long Silver and see the market consolidating at the $17.3 resistance level and from there rising and catching up to Gold's comparable outperformance. This is because the continued stock market turmoil and geo-political tensions would lead to investors fleeing towards safe haven assets such as Silver. In particular Silver is relatively volatile and unpredictable certainly in comparison to Gold so could easily spike towards $20 by year end.

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