FX.co ★ lstanton | XAG/USD, SILVER

SILVER Silver has shown excellent growth and has reached the full margin zone of 62.32-62.90. The main reason for the rise was expectations that the Federal Reserve may act less aggressively due to decreasing inflation risks. Additional support came from strong industrial demand, especially from China, where demand for silver remains high for solar panel production and power grid development. Now, after completing the full margin cycle, the likelihood of a corrective decline or even the formation of a new downward move increases. Therefore, tomorrow I will view a pullback into the 61.83-62.34 range as an opportunity to sell, with the first target at the 1/2 zone of 59.98-59.69.