Silver broke out - Path is clear towards 20$

23 Şub 2016

XAGUSD finally broke out above its weekly downtrend line.
It closed above its Fast SMA line and now trying to close above the 50 SMA line
Even in case of a minor pullback towards 14$, it seems like XAGUSD path towards 20$ was determined by the breakout.
A close above 16$ will be a good weekly confirmation signal
Those who recall, I posted longer term analysis for metals few weeks ago suggesting metals will be good investment in 2016 goo.gl/pedpva

Tomer, The MarketZone.net

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