XUGUSD Chart Technical Outlook

XUGUSD Chart Technical Outlook Silver bears need to hold $23.26
We have seen a move to the upside in overnight trade. There is no clear indication that this rally is coming to an end. A break of the previous swing high of $23.02, and the focus will be on $23.26. This level needs to be held for commodity bears to keep a medium-term negative bias alive. Intraday support is located at $22.85.

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