Silver Update April-4-2017

4 באפר׳ 2017

Silver broke above a resistance trend line on April 3rd. It held above today and is heading to the next line of resistance at 18.50. If a solid break above that occurs, there might be very long-term upsides in XAG/USD. Expect volatility as it nears this resistance line. RSI(65.8) nears overbought levels, and CCI(109.1) looks like it will cross back under 100 signaling a sell.