- Silver is negotiated at $ 33.85, with difficulties in penetrating the resistance of $ 34.00, as a result of the momentum stops for the third consecutive day.
- The RSI relativity index is situated close to buy saturation ranges, indicating that bulls can reorganize its ranks earlier than pushing the summit of final 12 months to $ 34.86.
- Failure to exceed $ 34.00 can result in a drop, with assist at $ 33.39, adopted by a serious floor stage at $ 33.00.
Silver costs elevated almost $ 33.80 for the third consecutive day, with patrons with greater than $ 34.00 OCE. On the time of scripting this report, and with the beginning of the Asian session, the XAG / USD Greenback pair is negotiated at $ 33.85, which is nearly unchanged.
XAG / USD value: technical expectations
Silver Rises stopped as quickly as the grey metallic reached its annual peak at $ 34.08. Since then, patrons have lacked drive to pay the valuable metallic to problem the summit of final 12 months at $ 34.86, which, if exceeded, will open the best way to check the extent of $ 35.00.
It needs to be famous that the RSI index has turn into steady close to the buying saturation space. This means that patrons can take a break earlier than launching an assault to problem larger costs.
Quite the opposite, the XAG / USD pair failed to regulate $ 34.00, opening the best way to a lower. The primary assist would be the February 14 summit at $ 33.39. The penetration of this stage will detect the extent of $ 33.00, adopted by the easy cellular common for 50 days (SMA) at $ 30.57.
A graphic from XAG / USD – Each day
2025-03-17 22:50:57