Silver (XAG/USD) remains trapped in its range. Nevertheless, strategists at Credit Suisse continue to look for an eventual break higher.
“Silver extends its sideways consolidation from last August but we continue to view this as a corrective pause ahead of an eventual move back to $30.10/72.”
“Beyond the $30.10/72 area is needed to act as the catalyst for a resumption of the core bull trend with resistance then seen next at $35.23/365.”
“Support at $23.78 now ideally holds.”
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