XAGUSD Forex Analysis for Today, Monday (20-05-2024)

XAGUSD Forex Analysis for Today, Monday (20-05-2024)

XAGUSD Forex Analysis for Today, Monday (20-05-2024)

XAGUSD Soars! Look for BUY Opportunities if Resistance Breaks!

XAGUSD Analysis

China’s Stimulus Pushes Silver Prices

The stimulus introduced by China, one of the largest consumers of precious metals including silver, has driven silver prices above $30 per troy ounce.

Monitor Resistance Area

Prices are still held at the resistance area seen on the H1 timeframe. A breakout above the resistance will increase the chances of a buy opportunity.



  • R1 31.783
  • R2 31.114
  • R3 32.186
  • R4 32.460


  • S1 30.198
  • S2 30.797
  • S3 29.853
  • S4 29.311

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