Silver (XAG USD) Forecast
Strong U.S. Dollar has a Negative effect On Silver and gold
Silver prices fell sharply this week, as the US Dollar climbed, combined coronavirus concerns and US fiscal
THE rising US Dollar may continue to be an inhibiting factor on precious metal prices.
If silver manages to get back above 25.30, it will gain upside momentum and head towards the next resistance level at $26.40.
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| XAG USD analysis |
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| silver position map |
silver technical analysis :
If silver manages to get back above 25.30, it will gain upside momentum and head towards the next resistance level at $26.40.
A move above the resistance at $26.40 will change the short term trading to positive again
On the support side, silver must get below the support at $22.40-22.80 to continue downside move to test 20$ area, Despite the strength of the recent downside move, long term is positive as long silver hold above 20$
If silver manages to settle and find support or broke them, it will move towards the following levels.
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| silver technical analysis |
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| silver forecast |
Wednesday tends to be volatile and very interesting so there is something to look forward to today
Good luck to everyone
This review does not include any document and/or file attached to it as an advice or recommendation to buy/sell securities and/or other advice
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