PrimeXBT has scanned the markets and gathered some pertinent information about XAGUSD that we would like to share with you.
Silver futures, meanwhile, continued their recent outperformance. They rose to $17.75 an ounce, just off an intraday high of $17.63 that was their highest in seven weeks. Silver has now risen 6.7%+ this month.
If its price is able to decisively break above the resistance level of 50% Fibonacci and its H12 candle closes above this level, we can begin looking for ideal long entries.
Silver, from a technical perspective, there are two key levels in the near-term. One above and one below the current price of $17.65 per ounce and below at $17.36 per ounce.
Day's Range: 17.37602 — 17.7689
Volume: 3.818K
Support Zone: 17.36 — 17.24
Resistance Levels: 17.65, 17.90
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