Spot Silver (XAG/USD) Update: The RSI is indicating increasing bullish momentum, with key resistance kye seen at $33.75 and $35.00.
💥💥💥Spot Silver Update: [21 October 2024]💥💥💥
✅Spot #Silver Update: [21 October 2024]📣📣📣
✅Spot #Silver Strong Above 33.75👈👈👈
✅Target Price $35 ——$37.30👈👈👈
Silver Price Forecast: Technical Forecast
The price of silver remains in an upward trend, close to recording yearly record highs. Early in the session, Silver crossed the psychological barrier of $32.00 and extended its gain beyond the $32.50 area.
The Relative Strength Index (RSI) is bullish, and is headed for higher targets, indicating that buyers are taking hold.
Given this backdrop, the main resistance levels for silver will be the year-to-date (YTD) high of $32.95, followed by the $33.00 level. Once this is crossed, the next stop will be the October 1, 2012, peak at $35.40.
Conversely, if silver drops below $32.50, the first support will be the October 17 swing low at $31.30, followed by the October 8 low and the 50-day moving average (DMA) at $30.
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