XAG (Silver) Update
Silver made a strong move today, breaking out of a falling wedge and pushing higher.
However, it faced rejection at $71.46, where the EMA50 is acting as resistance, and eventually closed at $69.80.
Despite the pullback, momentum is building — RSI is rising and MACD has confirmed a bullish crossover, showing growing buying pressure.
When markets reopen on Monday, a clean break above the EMA50 could trigger a relief rally toward $77.
However, keep in mind that geopolitical developments may impact Silver’s momentum.
XAGUSDT
Perp
70.12
+0.38%