FX.co ★ lstanton | XAG/USD, SILVER

For the XAG/USD currency pair, there is currently an uptrend on the hourly chart as the price is above the 133-day moving average, confirming this movement. On a shorter timeframe, the price closed below the 133-day moving average, indicating a possible correction within the main trend. I expect the price to hold above the level of 36.45, after which buying opportunities can be considered for this currency pair, with a target level of 36.87 and a stop-loss at 36.21. An alternative scenario would be relevant if the price consolidates below the level of 36.00. At the moment, priority is given to buying within the ascending trend on the hourly chart.