The grey metal daily chart formed a ‘bearish harami’ candlestick chart pattern that suggests prices might edge to the downside, though sellers need to extend Silver’s losses beneath the March 15 swing low of $24.79. It should be said that the Relative Strength Index (RSI) indicator was barren from entering overbought conditions, keeping its bullish bias intact. However, the RSI edges lower, and if XAG/USD falls below $25.00, that might open the door to challenge December’s 22 high turned support at $24.60. Further downside is seen at $24.00.
On the other hand, if buyers hold XAG/USD spot price above $25.00, that could open the door to test the current year-to-date (YTD) high of $25.44 ahead of $26.00
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