Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
Silver is up 0.47%, just below Monday's eight-year high of $32.51. Strong upward momentum continues; RSI suggests further gains possible despite overbought conditions. Resistance levels at $32.51, $33.00, and October 2012 high of $35.40. Supports at May 20 low of $30.95, April 12 high of $29.79, and $28.00 psychological level. Silver 's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
With that said, if XAG/USD clears $32.51, further upside is seen as Silver’s next resistance emerges at $33.00. A breach of the latter could expose October’s 2012 high of $35.40. Conversely, if Silver drops below the May 20 daily low of $30.95, further losses lie ahead. The next demand zone would be the April 12 high of $29.79, followed by the psychological figure of $28.00. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 31.98 Today Daily Change 0.16 Today Daily Change % 0.
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