Silver Price Analysis: XAG/USD struggles near the lower end of one-week-old trading range By HareshMenghani Silver Commodities Technical Analysis XAGUSD
The set-up favours bearish traders, though the lack of follow-through warrants some caution.witnessed some selling for the second successive day on Thursday and dropped back closer to the lower end of its weekly range during the first half of the European session. The white metal was last seen trading around the $21.80 region, down 0.85% for the day.
That said, the range-bound price moves witnessed over the past one-week point to indecision over the near-term trajectory for the XAG/USD. This makes it prudent to wait for a break below the trading range support, near the $21.65-$21.60 area, before placing fresh bearish bets.
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