Silver Price Analysis: XAG/USD to extend its recovery above the $26.00 level – Commerzbank
Silver has eroded its four-month downtrend and 55-day moving average and is expected to rally
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Silver has eroded its four-month downtrend and 55-day moving average and is expected to rally
Silver’s correction higher has been thwarted by the 55-day moving average at $24.93. Karen Jones,
Silver (XAG/USD) remains upside corrective. The precious metal is expected to head into the $24.61/$25.30
Silver (XAG/USD) is consolidating at the 200-day moving average and holding over the 55-week ma
Silver (XAG/USD) stays rangebound and is seen at risk of near-term underperformance to gold, as
Silver (XAG/USD) has reached Fibonacci retracement at $28.73 – this is seen as the last
Silver (XAG/USD) remains trapped in its range. Nevertheless, strategists at Credit Suisse continue to look
Silver (XAG/USD) is approaching the February high at $28.37. Above here lies the $30.09 February
Strategists at Credit Suisse continue to view consolidation in XAG/USD as temporary with a long-term
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