ForexAnalytix

Silver XAGUSD closed below 200dma.

Short
FX:XAGUSD   Silver / U.S. Dollar
The Silver market has traded above the 200dma since May of 2020 and now we closed below it, and looking to test key horizontal support at the 22.25 level near term. The RSI is nearing oversold so a dip towards this key horizontal support may find buyers for those traders wanting to be long the silver market.

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