Commodity: XAGUSD [Technical Comment]

XAGUSD on the Hourly chart has a break down point at 34.100. If this level is taken out in the near term, the chances are it will decline to 34.000. Further support is seen at 33.985 and 33.900. Initial resistance is now 34.290 (ARF).

Commodity: XAGUSD [Technical Comment]

Having failed to pass the 36.550 resistance, XAGUSD looks as if it will retrace and test support at 36.240. A successful breakdown at 36.240 places 35.980 as the immediate target, but if it holds here it will likely bounce back to resistance at 36.520. (MT)

Commodity: XAGUSD [Technical Comment]

The recent retracement in XAGUSD should see it test price support at 35.800. If it fails to hold here, we view 35.685 then 35.503 as immediate supports of note, with first resistance now at 36.060.(ARF)

Commodity: XAGUSD [Technical Comment]

There is a potential breakout scenario developing on the M15 chart of XAGUSD. We are looking for a move above the 36.120 resistance, which should see it continue on to 36.390. (MT)

Commodity: XAGUSD [Technical Comment]

Having failed to pass the 35.900 resistance, XAGUSD looks as if it will retrace and test support at 35.725 A successful breakdown at 35.659 places 35.543 as the immediate target, but if it holds here it will likely bounce back to resistance at 36.090 (ARF).

Commodity: XAGUSD [Technical Comment]

The double top pattern on XAGUSD will likely see it retrace and test support at 35.550 again. Consider shorting if it first rebounds to the resistance on the H1 chart at 35.890 in anticipation of a pullback from this level. Put a stop loss at 36.000, with a profit target at 35.200. (ARS)

Commodity: XAGUSD [Technical Comment]

After successfully breaking above key VST resistance at 35.100, the next target for XAGUSD is 35.285. First support is 34.910 and if this level holds in the near term, it may well rally to the 35.365 resistance (ARF)

Commodity: XAGUSD [Technical Comment]

Given XAGUSD held back by resistance at 35.610, a pullback will see support at 35.180 and 35.010. We view 35.000 as the key breakdown point and support, best viewed on the H1 chart, with a successful break below this level likely to see it come off to 34.680. (ARS)

Commodity: XAGUSD [Technical Comment]

The recent rebound in XAGUSD should see it test price resistance at 35.400. If it manages to breakout here, we view 35.680 then 35.800 as immediate resistance of note, with first support now at 35.240 (ARF)

Commodity: XAGUSD [Technical Comment]

After breaking down below key VST support at 35.610, the next target for XAGUSD is 35.005. First resistance is now 35.775, and if this level holds firm in the near term, it may well fall to the 34.700 support. (ARS)