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Back Technical analysis
XAG/USD: Price Analysis and Forecast. Technical Situation Favors Bulls
At the beginning of the new
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At the beginning of the new week, silver continues its recent established upward trend, rising to a new record high of $69.45. The technical picture strongly favors the bulls, suggesting the path of least resistance for the white metal remains upward.The breakout of the horizontal resistance at $67.40 last week, along with Monday's breakthrough of the round level at $68.00, amidst multiple price bounces off the 100-hour simple moving average (SMA) over the past two weeks, serves as a renewed
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Irina Yanina,
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