Silver (XAG/USD) builds on its recent strong upward trajectory witnessed over the past week or so and climbs to a nearly two-month top on Monday.
Silver gains some follow-through traction and climbs to a nearly two-month top on Monday. The technical setup suggests that the path of least resistance for the XAG/USD is to the upside. Any meaningful corrective slide could be seen as a buying opportunity and remain cushioned. Silver builds on its recent strong upward trajectory witnessed over the past week or so and climbs to a nearly two-month top on Monday.
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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