Silver price remains neutral to upward biased, as shown by the daily chart. Oscillators like the Relative Strength Index (RSI) turned bullish, while the Rate of Change (RoC) displays that buying pressure is waning. Due to mixed signals, caution is warranted.
For a bullish continuation, the XAG/USD needs to reclaim the $23.00 barrier, exposing the February 3 daily high at $23.59, followed by the $24.00 figure, ahead of the YTD high at $24.62. On the other hand, if the XAG/USD drops below the week’s low of $22.14, that would put into play essential support levels.
Given the backdrop, the XAG/USD first support would be the 50-day Exponential Moving Average (EMA) at $21.94. A breach of the latter will expose the 100-day EMA at $21.91, followed by the 200-day EMA at $21.81, and the 20-day EMA at $21.71.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發