Market Analysis of SILVER on Thursday 22 August 2024

2024-08-23 16:51Source:BtcDana

Technical Analysis:
The corrective stance on XAGUSD appears to be over for now, especially with upcoming events on the horizon. It's important to keep a close watch as we may witness a breakout to the upside. In that case, we'll be looking to enter long positions during a retracement. While we anticipate this wave structure, confirmation is still needed for a further upside move. The overall view remains unchanged, so there's no need for significant concern at this stage.

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