Silver (XAG/USD) builds on last week's bounce from the $24.35 resistance-turned-support zone and gains positive traction for the third successive day on Monday.
Silver gains positive traction for the third straight day and climbs to over a one-week high. Mixed oscillators on the daily chart warrant some caution for aggressive bullish traders. Weakness below the $25.00 mark is more likely to get bought into and remain limited. Silver builds on last week's bounce from the $24.35 resistance-turned-support zone and gains positive traction for the third successive day on Monday.
00 psychological mark is likely to attract fresh buyers near the $24.65 region. This should help limit the downside for the XAG/USD near the aforementioned resistance-turned-support, around the $24.35 zone. The latter should act as a key pivotal point, which if broken decisively might shift the bias in favour of bearish traders and drag the white metal to the next relevant support near the $24.15-$24.10 region en route to the $24.00 mark.
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