Is silver a buy or a sell at current levels
Claws&Horns Team, AnalystYou
Hello,
The base scenario for the price movement of the XAG/USD pair remains a resumption of growth to the levels of 29.688 and 31.250 from the current levels or after a correction of quotes to the area of 27.000 (the center line of Bollinger Bands). The development of a significant decline towards the targets of 25.000 and 23.438 will become possible in the event of a downward breakdown of the support zone of 27.000-26.562 (the center line of Bollinger Bands, Murrey level [1/8]). However, for now, this option for breaking down events seems less likely.