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Silver (XAG/USD) Chart and Relative Strength is Intriguing

Silver (XAG/USD) Chart and Relative Strength is Intriguing

Paul Robinson,

Spot silver (XAG/USD) is holding up quite well compared to gold and other markets for that matter, as the dollar has been a big problem for most assets. The short-term silver chart shows a nice consolidation pattern after a big move higher. It is starting to come out of that pattern with 20 as the next big level to cross. A breakdown below 19.04 will likely have silver following suit with other markets to the downside. For the full set of details watch the above video.

XAG/USD 4-hr Chart

XAG/USD Charts by TradingView

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---Written by Paul Robinson, Market Analyst

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.