Technical Analysis of Silver (XAGUSD) Explained
Silver is currently consolidating within a narrow horizontal range on the 4-hour chart.
A bullish breakout would be confirmed by a 4-hour candle closing above the upper boundary of the range at 31.00, potentially paving the way for an upward move toward 31.43.
Conversely, a break below the range's support level would indicate the onset of a bearish trend.
A bullish breakout would be confirmed by a 4-hour candle closing above the upper boundary of the range at 31.00, potentially paving the way for an upward move toward 31.43.
Conversely, a break below the range's support level would indicate the onset of a bearish trend.
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.