Silver Could Run to $50 Before Big Correction

XAG/USD News

Silver Could Run to $50 Before Big Correction
Silver Futures
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Commodities Analysis by Jordan Roy-Byrne, CMT covering: XAG/USD, Silver Futures. Read Jordan Roy-Byrne, CMT's latest article on Investing.com

’s performance following the breakouts and impulsive advances of the last 55 years. There are a total of 8 to 10 depending on how you measure.

History shows that once Silver breaks out and starts moving, it rarely corrects to the 100-day moving average. It remains overbought and runs hot.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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