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.
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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