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Silver Price Analysis: XAG/USD edges up, maintain its bullish bias, buyers target $24.00

From fxstreet.com

Silver price advanced on Thursday by 0.91%, amid low volume conditions, and as the Asian Pacific session begins, trades at around $23.82, unchanged in the early Friday session, as Japan and the US markets, reopen after being on holiday. Silver daily chart portrays the grey metal as neutral to upward biased but remains near the weekly highs, which could pave the way for a test of the $24.00 figure. Once cleared, the next resistance would be the Jun 9 high at $24.52 before XAG/USD climbs to $25.00. Once surpassed, that would cement the uptrend, and expose the year-to-date (YTD) high at $26.12. Conversely, if XAG/USD ... (full story)

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  • Category: Technical Analysis