Silver Price Analysis: XAG tests $86.00 as rally gains momentum
Silver (XAG/USD) price rallies over 7% on Monday, clearing key technical resistance at $83.05, the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle, its highest level in the last two months.
Given the strong rally and the clearing of key resistance levels, XAG/USD is likely to continue its upward momentum towards $86.00. Traders may see further buying interest as momentum builds.
Silver (XAG/USD) price rallies over 7% on Monday, clearing key technical resistance at $83.05, the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle, its highest level in the last two months.
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