SILVER at Key Support Level – Will Buyers Step In?

3月21日

XAGUSD is experiencing a corrective move after rejecting from the upper boundary of the ascending channel. The price has now reached the lower boundary of the channel, aligning with a key demand zone. This confluence of trendline support and horizontal demand increases the probability of a bullish reaction from this level.

If buyers maintain control at this level, we could see a rebound toward the $34.12 level, which aligns with the midline of the ascending channel. This level could serve as a short-term target within the current bullish market structure. However, failure to hold above this support zone could invalidate the bullish outlook and signal further downside.

Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before entering long positions.

If you agree with this analysis or have additional insights, feel free to share your thoughts here!

3月23日

交易進行