Silver (XAG/USD) regains positive traction following the previous day's good two-way price moves and climbs to a two-week top during the first half of the European session on Friday.
Silver regains positive traction on Friday and climbs to a nearly two-week top. The technical setup favors bulls and supports prospects for additional gains. Move beyond $32.20-$32.25 is needed to validate the near-term positive bias. Silver regains positive traction following the previous day's good two-way price moves and climbs to a two-week top during the first half of the European session on Friday.
It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Commodities Technical Analysis XAGUSD Silver
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