Silver price (XAG/USD) picks up bids to $22.25 as it justifies the previous day’s bullish candlestick formation during early Wednesday. In doing so, the bright metal also bounces off the 10-day Exponential Moving Average (EMA).
It’s worth noting that the bullish MACD signals and a one-month-old ascending trend channel also keep the XAG/USD buyers hopeful.
That said, the $23.00 round figure and the latest peak surrounding $23.50 lure the Silver buyers of late.
Following that, the upper line of the aforementioned bullish channel, close to $23.70 by the press time, could challenge the XAG/USD upside.
In a case where the commodity prices rally beyond $23.70, March month’s low near $24.00 could act as the last defense of the silver bears.
On the flip side, the 10-day EMA restricts the immediate downside of the Silver around the $22.00 round figure.
However, a convergence of the 21-day EMA and the stated bullish channel’s lower line, around $21.60, appears a tough nut to crack for the Silver bears.
Should the metal price break the $21.60 support confluence, October’s high near $21.25 might act as the validation point for the metal’s further downside.

Trend: Recovery expected
© 2000-2026. 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.