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Silver Price Analysis: Consolidates near $76.50 as RSI hints at upside

From fxstreet.com

Silver price consolidates around $76.50 per troy ounce amid a narrow trading session driven by Middle East developments, keeping investors uncertain about a US-Iran deal. At the time of writing, the white metal is up over 1%. XAG/USD Price Analysis: Technical outlook: Silver is poised to trade sideways with key resistance levels lying overhead. Although it has printed back-to-back days with higher highs and higher lows, a daily close above $70.00 is needed if buyers would like to test higher prices. The Relative Strength Index (RSI) remains bearish below its neutral level, but it’s aiming steadily higher. This ... (full story)

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  • Category: Technical Analysis