XAGUSD

2 339
Hello Traders! 👋

What are your thoughts on SILVER?

Silver experienced a sharp decline after a strong rally and printing a local high, correcting nearly 50% from its peak. Upon reaching the highlighted support zone, price showed a bullish reaction, indicating the presence of buyers and the validity of this demand area.

At this stage, we expect price to spend some time moving sideways and ranging within this zone before attempting a bullish corrective move toward the specified upside levels.

As long as price remains below the key resistance areas, any upside move should be considered corrective rather than trend-reversing.

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