XAGUUSD Forex Analysis for Today, Tuesday(16-04-2024)

XAGUUSD Forex Analysis for Today, Tuesday(16-04-2024)

XAGUUSD Forex Analysis for Today, Tuesday(16-04-2024)

Monitor Potential to Buy XAGUSD Now! Prices Held at Support, Prepare to Continue Its Trend!

Daily Analysis XAGUSD

Silver Prices Strengthen

Silver prices strengthened on Monday as US Retail Sales data showed sustained economic resilience. Additionally, precious metals including silver benefited from physical demand and its attractiveness as a safe-haven asset amid geopolitical uncertainty.

Prices Held at Support Area.

Prices held at the support area on the H1 time frame and pulled back in that area to continue its trend. Buy opportunities are available at the nearest support area as long as prices do not break below it.



  • R1 28.497
  • R2 28.090
  • R3 28.923
  • R4 29.136


  • S1 28.090
  • S2 28.497
  • S3 27.850
  • S4 27.610

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