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XAG/USD rises above $108, driven by increased geopolitical tensions and trade conflicts with allies
Silver prices rose over 5% weekly amid US trade-war tensions, reaching $108. A failed push near $118 and RSI divergence suggest waning momentum. A break above $110 is needed for further gains, while dropping below $100 risks a pullback. Silver’s technical outlook reflects a parabolic uptrend but signals potential bearish movement. The RSI shows divergence from price action, raising concerns of a retracement. A drop below $100 could target $96.14 and $90.46 as key support levels. Silver’s technical outlook reflects a parabolic uptrend but signals potential bearish movement. The RSI shows divergence from price ... (full story)