Investors are keeping a keen eye on the silver market as the XAG/USD continues to climb steadily. Supported by robust market fundamentals and increased investor interest, silver is on a positive trajectory. However, the bullish run is capped by the 100-day Simple Moving Average (SMA).
Despite this cap, the upward trend of the XAG/USD underlines the resilience and attractiveness of silver as an investment in a diverse portfolio. Market watchers should remain vigilant as fluctuations in the currency market could alter the current trajectory.
That being said, the overall forecast for silver prices remains optimistic. The steady climb is reflective of a solid market foundation which presupposes a continued bullish pressure in the near future. Read More
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