xag usd weekly-expect reevrsal tgts 17.55-17.85+

xag usd weekly technical analysis 16 to 20 may 2016 xag usd weekly technical analysis 16 to 20 may 2016 Xag usd pair this week closed with loss. This was second weekly loss for silver spot. My downside tgt of 16.8$ is achieved now expect some short covering rally on risk off trades from global markets.   For next week, xag/usd outlook is bullish and strategy will be buy on dips. On upside 17.55 and 17.85+ are my tgts while on downside 16.8$ and 16.4 are support zones as well as buying levels.   From long term perspective use this correction to buy and accumulate with price tgts 21$+.

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Pramod Baviskar

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