Silver Prices Still Sluggish In Asia
Silver price (XAG/USD) extends its losing streak for the fifth consecutive session, trading around $37.20 per troy ounce during the Asian hours on Wednesday.
The technical analysis of the daily chart suggests the price of the precious metal consolidates within a descending channel pattern, indicating a prevailing bearish bias.
Silver prices at the time of writing were at $37.219/oz.
- Buy if the price moves to around $37.359
- Sell if the price moves around $37.079
Resistance 2: $37.799
Resistance 1: $37.499
Support 1: $36.939
Support 2: $36.639
DISCLAIMER
Note: This article is for analysis only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id-(yds)