XAGUSD Still Has BUY Potential, Correction Hits Support Area
XAGUSD Analysis
Demand is Improving
Industrial demand for silver has started to improve and is expected to remain robust until 2025. A significant increase in demand is coming from the solar panel industry, which is projected to continue growing steadily.
Held at Support Area
Silver prices have corrected and are held at the support area. A buy opportunity can be sought in this support area, which serves as a reference for entry.
Forecast: STRONG XAGUSD
Resistance Levels:
- R1: 29.459
- R2: 30.209
- R3: 30.581
- R4: 30.959
Support Levels:
- S1: 28.800
- S2: 29.000
- S3: 29.200
- S4: 29.400
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