XAGUUSD Forex Analysis – Monday(18-03-2024)

XAGUUSD Forex Analysis – Monday(18-03-2024)

XAGUUSD Forex Analysis for Today – Monday(18-03-2024)

Correction in XAGUSD: Buying Opportunities Open Again Today!

Daily Analysis XAGUSD

Silver Outlook for This Week

Silver ended last week with a 3.60% increase. This trend pushed silver to test recent highs at $25.91 and $26.14. Although there may be price pressure on the comparative value of silver this week, silver remains strong amid last month’s high inflation.

Correction to the Support Area

Prices are still held at the resistance area on the H4 time frame. Look for BUY opportunities after correction to the support area to continue its uptrend.

Prediction: STRONG SILVER

Resistance

  • R1 24.537
  • R2 24.051
  • R3 24.985
  • R4 25.237

Support

  • S1 24.051
  • S2 24.537
  • S3 23.764
  • S4 23.455
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