- Silver threatens to reach multi-month highs.
- To do this, the XAG/USD pair must recover above $26.00.
- XAG/USD could turn bearish if it falls below $25.00.
Silver rose during the North American session on Friday and hit a six-month high around $25.46 before falling to its current spot price. At the time of writing, the XAG/USD pair is trading at $25.38 after bouncing from a daily low of $25.09, with a gain of 0.54%.
The XAG/USD pair remains bullish and is set to challenge the May 10 daily high at $25.91, before reaching $26.00. Breaking the latter would expose the year-to-date high of $26.12.
For XAG/USD to turn bearish, it would need to fall below the November 30 high at $25.28. Once this is done, the next support would be the November 29 daily low at $24.85, followed by the November 28 low at $24.54. The next support would be the November 29 daily low at $24.85, followed by the November 28 low at $24.54.
XAG/USD Price Analysis – Daily Chart
XAG/USD Technical Levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
