Ch-artwork

Silver likely to retest previous high at 30.08

Long
FOREXCOM:XAGUSD   Silver / U.S. Dollar
Silver price stand firmly above support price at 21.72, FED official mentioned would be have another three interest rate decision this year with expect of 75 basic point cut.
Outflow from dollar market share start flowing to other asset class such as Silver?

However, US presidential election would be held on coming NOV 2024, expect market would be choppy during the period.

Monthly Support- 21.72
Monthly Resistance- 30.08

I drew chart to make a living!
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.