Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Silver finds some support at the 50-day Simple Moving Average (SMA), making a modest rebound for the second day. It seems that the white metal has halted its pullback and is attempting to attract some significant buyers.
From a technical perspective, the XAG/USD pair is holding above the 50-day, 100-day, and 200-day SMAs, which favors the bulls. However, oscillators on the daily chart are attempting to move into negative territory, which calls for some caution before positioning for further growth. The 50-day SMA is likely to protect against an immediate decline ahead of the round level of $29.00.
A convincing breakthrough below it will shift the short-term bias in favor of bears and set the stage for a significant decline. Then, the XAG/USD pair will accelerate its drop towards the next corresponding support, around $28.35, before potentially settling at the $28.00 level. The downward trajectory could continue towards support at $27.55 on the way to the round level of $27.00 and the 100-day SMA.
On the other hand, the psychological level of $30.00 could serve as an immediate strong barrier before the region around $30.50. This would be followed by a resistance zone near $30.80, above which the XAG/USD pair could attempt to surpass the round level of $31.00 and test the next obstacle around $31.35. Further upward movement would enable bulls to reclaim the round level of $32.00 and retest the $32.50 resistance zone - the year's high.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
