XAGUSD or Silver 1W& H2 | Market View

- Silver markets rallied significantly during the week, reaching towards the $18 level. The $18 level was the beginning of significant resistance, and the scene of massive selling in the past.
- Currently we could roll over towards the $16 level. The exhaustion is a sign of the fact that the silver markets are driven by not only the precious metals trade, but also the industrial demand.