Silver Price Analysis: Potential Retest below $22.00 Levels
Thursday, 29 February 2024, 09:29
Silver Price Analysis
The silver price is experiencing selling pressure after a brief uptick, possibly leading to a retest of sub-$22.00 levels.
Key Resistance
Despite a minor recovery, the $22.30-$22.25 range acts as a significant barrier and represents a two-week low.
- Caution Among Traders: Traders remain cautious as XAG/USD approaches recent lows and anticipate additional market cues.
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