XAG/USD to Explode?

Google+ Pinterest LinkedIn Tumblr +

Gold prices slipped this morning after hitting a one-week high last session, as the dollar recovered some lost ground after U.S. fiscal package talks stalled. However, the recent increase in the balance sheet from the FED is likely giving the noble metal more support.

We would also expect Silver to also move much higher as it still has not lost its shine. The recent supportive trend is expected to push silver higher once the stimulus agreement is reached and the dollar depreciates.Should the market break the recent highs at 25.15 we might see the pair quickly moving towards the next resistance at 26.40 and subsequently to 27.30!

风险警告: 外汇/差价合约以及其它衍生品交易为高度投机行为,涉及严重风险。 一般风险披露