Silver (XAG/USD) edges higher during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to its lowest level since May 9, around the $27.45 region touched the previous day.
Silver attracts some buyers and moves away from over a two-month low set on Thursday. The technical setup supports prospects for the emergence of fresh selling at higher levels. Strength beyond the 100-day SMA support breakpoint is needed to negate the negative bias. Silver edges higher during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to its lowest level since May 9, around the $27.45 region touched the previous day.
Silver daily chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods.
Commodities Technical Analysis XAGUSD Silver
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