Buying Opportunity Still Exists for XAGUSD, Held at Support Area
XAGUSD Analysis
Silver Remains Steady, Market Awaits Catalyst
Demand from the industrial sector for silver has relatively started to improve and is expected to remain strong through 2025. However, the market is still waiting for a catalyst that could trigger a rally, particularly related to interest rate policies from central banks like the Fed and ECB.
Held at Support Area
Silver prices remain held in the support area. Buying opportunities can be sought in this support area, which serves as the reference point for entry.
Prediction: STRONG XAGUSD
Resistance Levels
- R1 29.459
- R2 30.209
- R3 30.581
- R4 30.959
Support Levels
- S1 29.000
- S2 29.200
- S3 29.400
- S4 29.600
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