Note

SILVER PRICE ANALYSIS: XAG/USD IS UNDER INCREASING BEARISH PRESSURE BELOW $27.57 SUPPORT

ia7145
· Views 28



  • Silver building up bearish momentum after breaching $27.57 support level.
  • A brighter market mood amid receding geopolitical risks is weighing on Precious metals.
  • XAG/USD has scope for further decline, next targets are $26.85 and $26.30.

Silver (XAG/USD) is going through a deep correction on Monday, with precious metals suffering as concerns about an escalation of the Middle East conflict ebb. The lower US Yields have failed to support demand for the pale metal, which has depreciated about 5.7% from Friday’s highs.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related