$XAG is structurally similar to $XAU ; both have kicked off the market move in the last two days
As the saying goes, “How long the horizontal move is, the higher the vertical move can be.” After half a year of sideways consolidation, precious metals have finally made their first daily-chart-level advance
The frenzy of the early-year surge is still fresh in everyone’s mind—$XAG even squeezed shorts aggressively to prices above 120+;
And while this time’s daily-chart rally is also a big up move of 5 percentage points, compared with the earlier phase’s steepness, it’s still much more restrained. Everyone’s expectations should be adjusted downward accordingly
As the saying goes, “How long the horizontal move is, the higher the vertical move can be.” After half a year of sideways consolidation, precious metals have finally made their first daily-chart-level advance
The frenzy of the early-year surge is still fresh in everyone’s mind—$XAG even squeezed shorts aggressively to prices above 120+;
And while this time’s daily-chart rally is also a big up move of 5 percentage points, compared with the earlier phase’s steepness, it’s still much more restrained. Everyone’s expectations should be adjusted downward accordingly