XAGUSD: A Bullish Perspective and Top-Down Analysis
Additionally, the increasing industrial demand for silver, particularly in the renewable energy sector and electronics industry, is contributing to its positive outlook. The weakening US dollar is also playing a role in boosting silver prices, as the precious metal becomes more attractive to international buyers.
I'm utilizing probabilities on my charts to get positioned into longs for Silver.
Let’s get into the details of my analysis.
6M:
1W:
1H:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.