FXHighway

Silver prepares to go higher

Long
FX:XAGUSD   None
1
Silver price managed to reach near the previously recorded bottom around 18.87 and bounces higher from there, after an intraday bearish trip affected by the double top pattern that was completed by breaking 20.55.

Now, a bullish bias is waited, with targets begin by breaching 20.55 to head towards 21.25 then 22.00, with risk limits below 18.87.

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