Silver XAG/USD Analysis --- 28.10.2024
Downward Outlook for XAG/USD:
Potential support levels: $32.20-$32.15, $32.00, $31.70-$31.65.
Possible further declines towards $31.00, $30.50, and the monthly swing low near $30.00 (tested on October 8).
Upside Potential:
Immediate resistance at $33.65.
If breached, potential to reclaim $34.00 and target the $34.30-$34.35 supply zone.
Further bullish momentum could aim for the $35.00 psychological mark and challenge the October 2012 swing high around $35.35-$35.40.
Potential support levels: $32.20-$32.15, $32.00, $31.70-$31.65.
Possible further declines towards $31.00, $30.50, and the monthly swing low near $30.00 (tested on October 8).
Upside Potential:
Immediate resistance at $33.65.
If breached, potential to reclaim $34.00 and target the $34.30-$34.35 supply zone.
Further bullish momentum could aim for the $35.00 psychological mark and challenge the October 2012 swing high around $35.35-$35.40.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.