Silver Gains Support at 30.00: A Technical Analysis
The critical support level at 30.00 for silver has gained strength, bolstered by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward move observed since August. This technical positioning sets up a vital juncture for investors as they assess future moves in the XAG/USD pair. Market participants should stay alert for potential breakouts or further consolidations that could shape silver’s trajectory in coming sessions.
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