MARKETS20:19 UTC1d ago 1 min readSource: FXStreet

Silver Price Forecast: XAG stalls near $79 as doji halts rally

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Silver Price Forecast: XAG stalls near $79 as doji halts rally
Image via FXStreet

Silver (XAG/USD) price halted its advance on Wednesday as a doji candle emerged near the 50-day Simple Moving Average (SMA) at $79.09, a sign of indecision among traders, whether to push prices towards the next cycle high at $90.01 —the March 10 high—, or challenge the 100-day SMA key support at $76

AI Executive Brief
  • / Silver price stopped rising near $79 due to traders' indecision.
  • / Key support at $76 and potential resistance at $90.01 are critical levels to watch.
  • / The doji candle pattern suggests a pause in the current trend.

AI-generated summary for informational purposes. Verify with original source.