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Shalvisharma5

XAGUSD SILVER | Update | 20th Feb | FOREX

Silver / U.S. Dollar (FOREXCOM:XAGUSD)  
Shalvisharma5  
FOREXCOM:XAGUSD   Silver / U.S. Dollar
Harmonic Patterns Trend Analysis Chart Patterns
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harmonicpatterns trendanalysis chartpattern

🔹Timeframe: 4 hour
🔹Stratergy: Neutral

🔹Silver prices at around $23 per ounce, down from seven-week highs.
🔹 Waiting on upcoming FOMC minutes and statements.
🔹Initial expectations for a March cut now shifted to a 53% chance of a 25bps cut in June.
🔹Silver expected to rise in 2024, influenced by a weaker dollar and lower Treasury yields amid looser Fed policy.
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