{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/silver-swing-higher\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/silver-swing-higher\/","headline":"Silver Swing Higher!","name":"Silver Swing Higher!","description":"Silver rallied today and it looks strong enough to resume its rally. XAG\/USD registered strong growth as the US Dollar Index started to decrease again. The risk-off sentiment continues to dominate the markets. Gold increased as well, so XAU\/USD\u2019s further growth should signal that the price of silver may approach and reach fresh new highs […]","datePublished":"2021-05-07","dateModified":"2021-05-07","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/silver-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/silver-1.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/silver-swing-higher\/","about":["Silver","Silver","Trade Idea"],"wordCount":162,"keywords":["silver","XAGUSD"],"articleBody":"Silver rallied today and it looks strong enough to resume its rally. XAG\/USD registered strong growth as the US Dollar Index started to decrease again. The risk-off sentiment continues to dominate the markets.Gold increased as well, so XAU\/USD\u2019s further growth should signal that the price of silver may approach and reach fresh new highs in the upcoming period.Technical AnalysisSilver has decreased a little in the short term, but its failure to stabilize below weekly R1 (26.369) signaled that we may have a new long opportunity.Jumping above 26.629 and through 26.637 activated a bullish momentum in the short term. Now, the price is traded at 27.443 level above the 150% Fibonacci line.The aggressive breakout above 26.994 static resistance signaled that the upwards movement could resume despite a minor decline. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}