Silver's price rose past $28.00, extending its gains close to the $29.00 threshold, which was briefly pierced last Friday, but buyers failed to hold the price above that level.
XAG/USD climbs 3.61%, nearing $29.00 due to robust demand in the precious metals sector. Technical analysis suggests further upside potential, with aims at the April 12 high of $29.79 and the key $30.00 level. Key supports are at the May 18, 2021, high of $28.75, the June 10, 2021, high of $28.28, and the crucial $28.00 psychological level. Silver 's price rose past $28.00, extending its gains close to the $29.
Conversely, XAG/USD’s first support would be the May 18, 2021, high turned support at $28.75, followed by the June 10, 2021, high at $28.28. Once those two levels are surpassed, the $28.00 psychological level will be next. Related news Silver Price Forecast: XAG/USD recovers above $28.
XAGUSD Metals Technical Analysis Silver
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