Silver Just Hit $89, But The Charts Are Hiding a Catch
Silver (XAG) value reached $89 yesterday after breaking out from a descending triangle on May 7. However, four-hour indicators now warn of a potential pullback towards $79 earlier than any additional upside. The metallic trades close to $86.94 immediately and holds inside an ascending parallel channel. Meanwhile, RSI and MACD readings on the 4H timeframe…