Silver Price Forecast: XAG/USD soars to 6-month highs above $23.20 on weak USD – by christianborjon Silver XAGUSD Metals Macroeconomics Technical Analysis
Silver Price Forecast: XAG/USD Technical Outlookshows that the XAG/USD broke to fresh six-month highs during the London fix. Traders should note that the white metal plunged, but buyers stepped around the day’s lows and lifted XAG/USD toward $23.22. Oscillators led by the Relative Strength Index flashes signals that Silver is overbought, though the 9-day Rate of Change shows that buyers remain in charge. Therefore, the XAG/USD bias is upwards.
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