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29.06.2020 Silver Daily Analysis

On the long-term outlook, XAGUSD (Silver) is on the ranging mode. Silver has been maintaining its movement within the range of $18.1 and $17.3 price

Yazar: editor_1

Yayınlanma: 29 Haziran 2020 18:05

Güncellenme: 8 Nisan 2024 05:35

29.06.2020 Silver Daily Analysis

On the long-term outlook, XAGUSD (Silver) is on the ranging mode. Silver has been maintaining its movement within the range of $18.1 and $17.3 price levels for more than two weeks. In case the bulls can push the price above the resistance level of $18.1 with the daily candle close above it, the nearest resistance level can be found at $18.8. Further increase in price may expose it to $19.5 price level. In case the bears prevail and break out at the support level of $17.3, it may lead to a further decrease in price to $16.6 and $15.7
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