XAGUSD - Short target hit!

Quick update on Silver. We hit the long target last week on Silver and expected this movement down into the support area which has now completed but looks like its extended. Great trade up and down for those that were in it!

We can see the support has potentially broken now which entails caution on this if you're looking to take longs. If this closes on the daily around here there is a chance we will see further declines in Silver. We've taken what we needed to out of so will now sit back and observe the price rather than commit to long trades just yet.

KOG