- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Silver Price Analysis: XAG/USD bounces off key support towards $20.00
Silver Price Analysis: XAG/USD bounces off key support towards $20.00
- Silver rebounds from two-year low as Five-month-old support line challenges bears.
- Oversold RSI conditions add strength to the recovery moves.
- Previous support line from mid-June guards immediate recovery, 61.8% Fibonacci retracement of 2020-21 upside lure bears.
Silver (XAG/USD) picks up bids to $19.90 during Monday’s Asian session, bouncing off a two-year low after the five-week downtrend.
Even if the bright metal refreshed the multi-day low the previous day, it couldn’t provide a daily closing below a downward sloping support line from early February, around $19.60 by the press time.
In addition to the failure to break the key support line on a daily closing basis, the oversold RSI (14) also hints at the quote’s short-term recovery.
However, the support-turned-resistance line from mid-June, around $20.35, guards the metal’s immediate recovery.
Following that, the 10-DMA and a downward sloping resistance line from April 18, respectively around $20.60 and $21.00, will be important to recall the XAG/USD buyers.
On the contrary, the aforementioned multi-day-old support line, near $19.60, restricts silver’s immediate downside, not to forget the oversold RSI conditions.
Should the quote drop below $19.60, the odds of witnessing a 100-pip slump towards the 61.8% Fibonacci retracement of 2020-21 upside, near $18.50-55, can’t be ruled out.
Silver: Daily chart
Trend: Further recovery expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
