Alongside Spot Gold (XAU/USD), which continues to set all-time highs, the price of XAG/USD has reached multi-year highs of 47.18 and tested a 1W resistance level of US$46.91.
Importantly, if US$46.91 gives way, the all-time high of US$49.51 will likely be challenged (formed in 2011). Ultimately, this remains a bullish market for the time being.
Written by the FP Markets Research Team
Importantly, if US$46.91 gives way, the all-time high of US$49.51 will likely be challenged (formed in 2011). Ultimately, this remains a bullish market for the time being.
Written by the FP Markets Research Team
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.