ArmanShabanTrading | XAGUSD : Hits All Targets – Correction After Strong Rally

[Arman Shaban]

By analyzing the Silver chart on the 2-hour timeframe, we can see that, as expected, the price first tested the $44.47 resistance and then had a small pullback. After finding demand again around $43.65, silver continued its rally and managed to hit both targets at $44.60 and $44.80, even reaching as high as $45.07.

With this strong rally, a large liquidity gap was created, and the current pullback is filling that gap. Stay tuned for another big silver update soon!

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Best Regards , Arman Shaban

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