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- Silver: Above the 24.69 downtrend targets recent peaks at 28.93 and 29.89 - Commerzbank
Silver: Above the 24.69 downtrend targets recent peaks at 28.93 and 29.89 - Commerzbank
FXStreet reports that analysts at Commerzbank note that silver recently recovered from just ahead of the 21.64 September low and rallied to the 24.69 downtrend, which is exposed. Above the downtrend, XAG/USD targets 28.93, 29.89.
“Silver (XAG/USD) increasingly looks to have based around 21.87 and the rally has so far reached the 24.69 downtrends, where it is holding. It is exposed.”
"The downtrend at 24.69 represents the barrier on the topside. This guards the 28.93 and 29.89 recent peaks.”
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