PrimeXBT

Silver May Soon See Further Upside

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OANDA:XAGUSD   白銀 / 美元
PrimeXBT has scanned the markets and gathered some pertinent information about XAGUSD that we would like to share with you.

Silver futures, meanwhile, continued their recent outperformance. They rose to $17.75 an ounce, just off an intraday high of $17.63 that was their highest in seven weeks. Silver has now risen 6.7%+ this month.

If its price is able to decisively break above the resistance level of 50% Fibonacci and its H12 candle closes above this level, we can begin looking for ideal long entries.

Silver, from a technical perspective, there are two key levels in the near-term. One above and one below the current price of $17.65 per ounce and below at $17.36 per ounce.

  • Day's Range: 17.37602 — 17.7689
  • Volume: 3.818K
  • Support Zone: 17.36 — 17.24
  • Resistance Levels: 17.65, 17.90

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