XAG/USD may fall 0.58 - 1.08 USD

Our preference

Short positions below 79.15 with targets at 77.70 & 77.20 in extension.

80.500 Resistance...

79.800 Resistance..

79.150 Resistance .

78.280 Last

79.150 Pivot

77.700 Support.

77.200 Support..

76.500 Support

Comment

As long as the resistance at 79.15 is not surpassed, the risk of the break below 77.70 remains high.

Alternative scenario

Above 79.15 look for further upside with 79.80 & 80.50 as targets.

$XAG

XAG
XAGUSDT
71.65
-2.19%