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.