Vea también
21.05.2024 05:09 PM
Silver's daily chart shows that it has bullish momentum since April 29. Currently, it is located above 4/8 Murray and is likely to continue rising in the coming days and could reach 32.81 and even 6/8 Murray located at 34.37.
Silver and gold are highly correlated and we can see that the XAG/USD is showing signs of exhaustion. The latest trading session shows indecision in market sentiment. There will likely be a technical correction in the coming days towards the bottom of the uptrend channel located at 29.70.
If silver consolidates above 31.25 (4/8 Murray), the outlook could remain positive. Any technical bounce would help resume the uptrend and the price could reach the top of the uptrend channel around 32.81.
With a sharp break of the uptrend channel and consolidation below the psychological level of $30, we could expect the price to reach the 21 SMA at 28.17. Finally, it could climb to the 200 EMA located at 24.78, which coincides with the psychological level of $25.00.
The eagle indicator is giving overbought signals, so we believe that there could be a technical correction in the next few days. Therefore, we could sell silver below 32.50.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
