XAGUSD Forex Analysis for Today, Friday(19-04-2024)

XAGUSD Forex Analysis for Today, Friday(19-04-2024)

XAGUSD Forex Analysis for Today, Friday(19-04-2024)

Still Possible to BUY XAGUSD at Support Area, Check Now!

Daily Analysis of XAGUSD

Production Slows Down But Demand Remains High

Silver mines worldwide are slowing down production, while demand from the industrial sector, especially the electronics industry, remains high, causing supply shortages.

Look for Buy Opportunities at Support Area

Prices are still near the support area. Buy opportunities can still be sought if there is a correction to that support area.

Prediction: STRONG XAGUSD

Resistance

  • R1 28.081
  • R2 27.164
  • R3 28.514
  • R4 28.978

Support

  • S1 27.164
  • S2 28.081
  • S3 26.841
  • S4 26.384
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Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.


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