Silver Price Analysis: XAG/USD Consolidates Around 100-Day SMA, Below 50% Fibo.
February 02, 2024 at 08:49 AM EST
Silver oscillates in a narrow trading band just below the 50% Fibo. level on Friday. The technical setup favours bullish trades and supports prospects for further gains. A convincing break below the $22.55 is needed to negate the positive outlook.