XAGUSD: Bullish Trend

XAGUSD, Daily

In the Daily timeframe, XAGUSD is on a long-term bullish trend. After updating the all-time high, the price corrected and fell to the trend line to the 23.6 Fibonacci support and bounced. Given the solid bullish sentiment and MA200, the Silver price may rise further.

• XAGUSD may be considered for a buy with a target up to 30.900, corresponding to 61.8 Fibonacci;