Silver XAGUSD Chart Technical Outlook rallies are to be limited, $31.18 is prime
We have seen a substantial correction to the upside. I would expect trading to remain mixed and volatile. My main focus is the medium-term support level at $28.18. Projection analysis offers an upside barrier at $31.29. We have a 61.8% pullback level at $31.18. This is inside a large supply zone. In conclusion, I can see no reason for an immediate change of trend. $31.18- $31.29 is calculated as prime resistance
