Silver Price Analysis: XAG/USD Vulnerable Near Mid-$22.00s

Friday, 23 February 2024, 09:33

Silver (XAG/USD) has been on a downtrend, hitting a one-week low in the mid-$22.00s. The recent negative move for the fourth time in five days raises concerns about further decline. Traders are closely watching the European session for potential market shifts.
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Silver Price Analysis: XAG/USD Vulnerable Near Mid-$22.00s

Silver Price Analysis

Silver (XAG/USD) has been drifting lower for the third consecutive day on Friday, with the fourth negative move in the previous five days.

Key Points:

  • Downward Trend: XAG/USD at over a one-week low
  • Market Volatility: European session impact

This trend indicates vulnerability near the mid-$22.00s, prompting caution among investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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