The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Silver attracts sellers today, breaking a three-day winning streak and remaining subdued during the first half of the European session.
The recent upward movement observed since the start of the current month halts at the resistance of the 100-day Simple Moving Average (SMA), testing the $31.00 level. A sustained breakout above this barrier would pave the way for further short-term upside.
Given that daily chart oscillators comfortably hold in positive territory and are far from overbought zones, silver could accelerate its rise toward the next resistance at $31.70. A further move upward would allow the XAG/USD pair to reclaim the psychological $32.00 level and potentially rise to test the two-month high around the $32.30 level.
On the other hand, further declines may be viewed as buying opportunities near the $30.40 level, aligned with the 50-day SMA, which could help limit losses near the psychological $30.00 level. A decisive break below this level would trigger technical selling, dragging the XAG/USD pair toward the $29.55 support level, followed by the next round number at $29.00 and the multi-month low reached in December.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
