Price Action
XAG/USD is currently trading at 64.78, having opened at 64.65044 and reached a high of 65.1039 before retreating. The low for the session was 64.4561, indicating a tight range with notable selling pressure. The recent price action shows a bearish drift following a failure to maintain momentum above key resistance levels. Candlestick patterns indicate indecision, with a potential bearish engulfing pattern forming, suggesting that market participants are looking to push prices lower.
Key Support & Resistance
Key levels to watch for XAG/USD include:
- Support Levels: