XAGUSD: Testing the High

XAGUSD, Daily

In the Daily timeframe, XAGUSD has formed an expanding wedge pattern. The price consolidates near 161.8 Fibonacci, the Historical High, while testing DEMA.

• If the bulls push the price above the 32.000 resistance, it will open the way for a rise to 35.000;

• A bounce would bring Silver back to the lower trendline at 30,000;