FX.co ★ lstanton | XAG/USD, SILVER

SILVER / Silver / XAGUSD

Technical analysis of the pair on a 5-minute chart. Short-term. The price at 72.52 level has tested the timeframe minimum and is starting to move back up from there. The price is testing a large blue zone, while during growth, it periodically uses the red zone as a support level. The price may fully test the blue zone, correct upwards to test the resistance level, the black MA line at 74.80, break through the level upwards, and continue testing the extended blue zone.