XAG/USD Long term outlook

14 mar

While Gold has created a new ATH again, silver is lagging behind more than usual. Short term correction is to be expected but overall I believe silver will attempt to break the 2021 highs. There's still a long way to go so we just have to let the price decide what it wants to do but right now I imagine at least 1-2 massive impulse moves to the upside and then a longer period of consolidation, potentially trapping all the early sellers followed by an even bigger impulse move breaking the previous highs. Then I would expect at least a $5 drop in a very short period.