Silver.XAG – Trade of The Day

Facts:

• SILVER broke above the 1:1 structure
• The commodity is trading above the key horizontal resistance at 84.62

Recommendation: 
Trade: Long position on SILVER at market price
Target: 94.86, 100.75
Stop: 81.55

Opinion:
SILVER has been trading in a downward move recently. However, the price broke above the key resistance area and invalidated the 1:1 structure. According to the Overbalance strategy, the bearish sentiment may now turn into bullish. The area near 84.62 is marked with previous