XAG/USD. Review and analysis

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25.06.2024 12:07 PM

Silver finds some support at the 50-day Simple Moving Average (SMA), making a modest rebound for the second day. It seems that the white metal has halted its pullback and is attempting to attract some significant buyers.From a technical perspective, the XAG/USD pair is holding above the 50-day, 100-day, and 200-day SMAs, which favors the bulls. However, oscillators on the daily chart are attempting to move into negative territory, which calls for some caution before positioning for further growth. The

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