Silver Price Forecast: XAG/USD Trades Above $70.00, Extends Gains
XAG/USD continues its rally for a third day, trading around $70.30 and breaking above a falling wedge pattern, signaling potential bullish momentum.
XAGUSD
Silver (XAG/USD) extended gains for a third consecutive session, trading near $70.30 per troy ounce during Asian hours on Monday. Technical analysis on the daily chart shows the spot price breaking above a falling wedge pattern, which typically suggests a bullish reversal. The price is also holding above the nine-day exponential moving average, reinforcing the positive short-term outlook.
Source: FXStreet Forex News