SILVER XAGUSD Chart Technical Outlook trades north, bulls target $32.10
Silver’s broad bias is bullish. Prices have completed a three-wave corrective structure (WXY) and bounced higher. A current upside leg is in play, with room for more gains toward $32.10. Any dip should be corrective and limited to the $30.20-50 support zone.
Investors are eyeing today’s NFP for further clues on the US labor market. Lately, the USD has been under pressure after weak data from JOLTS, ADP, and the Initial Jobless Claims.
