Thu, May 06, 2021 @ 00:40 GMT
Home Contributors Technical Analysis XAGUSD $25.00 Critical Support

XAGUSD $25.00 Critical Support

Silver is attempting to recover alongside the price of gold after suffering a major price drop towards the $25.00 support zone last week. Silver may correct back to the $25.80 or $26.00 area if bears fail to breach the technically important $25.00 support zone. Should we see the price of silver moving below the $25.00 support level then a further sell-off towards the $24.00 level remains possible.

XAGUSD is only bullish while trading above the $25.40 level, key resistance is found at the $25.80 and the $26.00 levels.

If XAGUSD trades below the $25.40 level, sellers may test the $25.00 and $24.00 support levels.

Octa Markets Incorporated is a forex broker recognized worldwide. OctaFX provides forex brokerage services to its clients in over 100 countries around the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience incredibly convenient. Our top goal is the trust and satisfaction of each client's needs and requirements. OctaFX sets the highest service level standards and maintains them, as well as constantly developing new services and promotions.

Featured Analysis

Learn Forex Trading