XAGUUSD Forex Analysis for Today, Monday(22-04-2024)

XAGUUSD Forex Analysis for Today, Monday(22-04-2024)

XAGUUSD Forex Analysis for Today, Monday(22-04-2024)

Continue Targeting BUY Opportunities in XAGUSD Today!

Daily Analysis of XAGUSD

Silver Demand Still Exceeds Production

Silver demand remains high, with demand growth entering its third year. Silver production fell by 1 percent in late 2023 to just 830.5 million ounces according to data from the Silver Institute, while demand exceeded production by 184.3 million ounces.

Look for Buys in the Support Area

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



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


  • S1 27.164
  • S2 28.081
  • S3 26.841
  • S4 26.384

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *