Silver (XAG/USD) extends its sideways consolidative price move during the Asian session on Friday and currently trades near the $30.50 area, or its highest level since June 21 touched earlier this week.
Silver is seen consolidating its recent gains to a two-week top touched on Wednesday. The technical setup favors bullish traders and supports prospects for a further move up. Dips towards the $30.00 mark might be seen as a buying opportunity and remain limited. Silver extends its sideways consolidative price move during the Asian session on Friday and currently trades near the $30.50 area, or its highest level since June 21 touched earlier this week.
Silver daily chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods.
Commodities Technical Analysis XAGUSD NFP Silver
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