XAG/USD: trading silver
Trade idea
SELL 14.70; TP 14.40; SL 14.80
XAG/USD broke below the 61.8% Fibonacci retracement of the November-February advance at 14.77. A weekly close below this mark will provoke further declines. Moving averages on the daily chart are in the bearish order. The next Fibonacci level at 14.37 is the next target.