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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