Silver (XAG/USD) stays trapped in a turgid and choppy range, holding below the 50% retracement of the 2011/2020 bear market at $30.72. Although the precious metal maintains a long-term base, analysts at Credit Suisse still expect the core uptrend to eventually resume. See: Gold, silver to plummet by year-end to $1600 and $20 respectively – CE Key quotes “With a long-term base still in place though our base remains to view this a correction within a broader uptrend still, even if consolidation may still last for quite some time yet.” “Above $30.72 remains needed to suggest the core uptrend has indeed resumed for a move to our core objective still at $35.23/35.365 – the 61.8% retracement and key high from October 2012.” “Support is seen at $24.05 initially, then more importantly at $22.26/21.68, which we look to continue to hold. Indeed, below $21.68 would mark a top to instead throw a serious question mark over the longer term base.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy to cut 2021 GDP growth forecast to 4.1% from 6.0% – Reuters FX Street 8 months Silver (XAG/USD) stays trapped in a turgid and choppy range, holding below the 50% retracement of the 2011/2020 bear market at $30.72. Although the precious metal maintains a long-term base, analysts at Credit Suisse still expect the core uptrend to eventually resume. See: Gold, silver to plummet by year-end to $1600 and $20 respectively - CE Key quotes "With a long-term base still in place though our base remains to view this a correction within a broader uptrend still, even if consolidation may still last for quite some time yet." "Above $30.72 remains needed to suggest the core uptrend… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
