Silver – Chart
Silver (XAG/USD) is trading at $27.06, reflecting a 0.84% increase. The current pivot point is $27.50, indicating a critical threshold for market direction. Immediate resistance is at $28.08, with further levels at $28.60 and $29.15.
Support levels are positioned at $26.64, $26.15, and $25.63. The 50-day EMA stands at $28.02, while the 200-day EMA is at $29.07, suggesting a bearish outlook. The market is bearish below $27.50, but breaking above this level could enhance bullish sentiment.
