Silver Price Analysis: XAGUSD to see an important change of trend lower below $21.68/42 – Credit Suisse
|Silver (XAG/USD) stays defensive below $22.50. A break below $21.68/42 would open up additional losses to $18.95/48, strategists at Credit Suisse report.
Drop below $21.68/42 to mark a large and significant top
“Silver has fallen sharply to turn the spotlight back on long-term price support at $21.68/42.”
“Failure to hold $21.68/42 would see a large and significant top complete to mark an important change of trend lower with support then seen at $19.65 initially, then $18.95/48.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.