Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
XAGUSD Price Analysis – September 7
Silver drops to $26.62 level, down 0.46% on a day, during Monday’s initial trading session. The white metal maintains its downside break of nearly a month old while searching for fresh traction. As a result, sellers’ eyes further weakness towards the round figure of $26.00 level.
Key Levels
Resistance Levels: $30.00, $28.90, $27.15
Support Levels: $26.50, $25.00, $23.78
XAGUSD Long term Trend: Bullish
XAGUSD has maintained a firm grip near the moving average 13, with prices consolidating near the $27.15 resistance level. To the upside, the resistance level near $27.13 level remains within reach. But only a strong close above this level will mark further gains.
This opens the downside bias in the white metal. If Silver loses the $26.50 handle, then we expect a move down to the $26.20 level of support. The relative strength index is at its midlines, and this might signal a rebound near the $26.50 level of support.
XAGUSD Short term Trend: Ranging
Silver has been appreciating against the US Dollar since mid-August within a rising wedge pattern. From a theoretical point of view, a breakout south could likely occur within the following trading sessions.
In this case, the XAGUSD exchange rate maintains support from the horizontal level at $26.50 level. Thus, the silver price could continue to go upwards. Note that the rate could face the resistance from the monthly R1 and R2, located at $28.15 and $28.90 levels respectively.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
