Silver (XAG/USD) Chart and Relative Strength is Intriguing


Spot silver (XAG/USD) is holding up quite well compared to gold and other markets as the dollar has been a big problem for most assets. The short-term silver chart is showing a nice consolidation pattern after a big move higher. It’s starting to break out of that pattern with 20 as the next big level to cross. A break below 19.04 is likely to have silver following with other markets to the downside. For the full set of details watch the video above.

4-hour chart of XAG / USD

XAGUSD 2022 09 21 09 25 35

XAG/USD charts from TradingView

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—Written by Paul Robinson, Market Analyst

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