Since mid-December 2020, XAGUSD quotes have been "walking" in the range of 25-28 US dollars per ounce.
Probably such "walking" will continue.
On July 19, the figure "Head and shoulders" finished its working out, which, by the way, perfectly fulfills itself, including on silver.
And at the same time, the price collided with the support level of 25 and touched the lower border of the Bollinger bands.
Therefore, there is a high probability that silver will bounce off the support and go up to 26.5 and 28.
This content is for informational purposes only and is not intended to be investing advice.
