Silver / U.S. Dollar
Long

Silver Analysis (XAG/USD)

52
Silver prices are moving in an upward trend, reaching $38.60. A corrective move towards the $38.20 support area is possible, with a potential rebound from there. However, if the price breaks below $38.20 and closes under it, this could support a decline towards $38.00 and then to test the $37.50 level.

If the price closes above $38.60, this would support further upside towards testing the $39.00 level.

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