Silver Outperforms Gold Ahead of FOMC

1 May 2023

On 4H chart, XAG/USD pair shows a clear breakout from the descending triangle pattern. Such breakouts are very bullish, and their target can often be predicted. Considering the momentum behind the current rally, it is quite likely that the Silver will break above its yearly high of $26.08 this week.

Need help?

Please use the contact form to get support.