$41 So Close... Will It Break Through?
Silver (XAG/USD) $40,898: The rally has subsided and prices are consolidating; the bias remains sideways to bullish, supported by expectations of a Fed rate cut and industrial demand.
Key levels: resistance $41.50–$42.00 (break → $43–$44); support $40.50 then $39.80 (break → deeper correction).
Silver prices at the time of writing were up -0.30% to $40.875/Toz.
- Buy if the price moves to $41,015
- Sell if the price moves to $40,735
Resistance 2: $41,475
Resistance 1: $41,175
Support 1: $40,435
Support 2: $40,135
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions. (ayu)
Source: Newsmaker.id