XAG Price Analysis: Silver Holds Gains From Longer-Term Rally
Tech XAG Price Analysis: Silver Holds Gains From Longer-Term Rally The silver price came under pressure back near $75 as the metal failed to resume its upward trend. The longer-term chart shows a solid advance, albeit with a brief cooling period in the move. In this article, well dissect the Investing.com, TradingEconomics, and TradingView charts to determine where silver is now, where silver is supported, and where silver is resisted next. Silver Pulls Back Toward $75 Silver traded at $75.515 on Investing.com, down 1.2075 points, or 1.57%, on the day. The XAG/USD pair was trading up to the $77 area on the intraday chart before its price was pushed down gradually by sellers. Silver broke out of the lower range during the evening session. Even so, it was not able to maintain the higher levels when the price rose above $76.50. Since then, the chart has been trending lower highs and moving back towards $75.50. The short-term picture isnt as clear. Silver fell 0.61% in the last week and had almost no change in one month, according to Investing.com data. The metal, however, is still in the process of correcting from its earlier high, as seen in the three-month reading, which was at -14.43%. Despite this, longer-term data