FX.co ★ lstanton | XAG/USD, SILVER

Hello traders, SILVER / Серебро / XAGUSD

Sunday's technical analysis of the pair on the 4-hour chart. Here the price at 92.70 probably hit the timeframe maximum and may start correcting downwards from there. The price will be testing a large red zone. The oscillator indicates that the price is overbought. It is hitting the maximum, will finish working in the positive zone, and will go down. The price may continue to decline and fully test the red zone. At the bottom, the price has reference points - support levels of the moving averages: the blue line at 74.45, the red line at 61.40, and the black line at 49.10.