Silver XAGUSD Chart Technical Outlook losses to extend toward $22.88
We have seen continued downside momentum since posting a $24.14 high. There is no clear indication that the downward momentum is faltering. A confluence level is located at $22.88. Bespoke support is located at $22.94.
Last week’s bullish outside candle should offer a mild bullish bias. That would indicate buying dips is the favorite stance.
I would also look to gold and the support level for correlation.
