Silver Price Forecast: XAG/USD to aim higher propelled by a golden-cross, as bulls reclaim $25.00 By christianborjon Silver XAGUSD Commodities Metals Macroeconomics
ields and risk-aversion in the financial markets. At the time of writing, XAG/USD is trading at $25.09.
Global equities overnight were upwards, though since the mid-European session and through the North American one, a dampened market mood, have them recording losses. Russia-Ukraine tussles keep grabbing headlines, though both parties’ stances remain put, so there has been no change. Linked to this, US President Joe Biden is traveling to the two-day reunion at NATO offices in Brussels.
With that said, XAG/USD’s first resistance would be November 16, 2021, daily high at $25.40. Breach of the latter would expose August 4, 2021, daily high at $26.00, followed by July 16, 2021, at $26.45.
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