XAGUSD SIGNAL 

Silver Price Analysis: XAGUSD bounces off daily low, eyes 200-day EMA resistance

• Silver meets with a fresh supply on Monday, though lacks any follow-through selling.
• Friday’s breakout through the $20.00 mark supports prospects for additional gains.
• Bulls await a sustained strength beyond the 200-day EMA before placing fresh bets.

XAGUSD SIGNAL :Silver struggles to capitalize on Friday’s bullish breakout momentum through the $20.00 psychological mark and attracts some sellers near the 200-day Exponential Moving Average (EMA) on the first day of a new week. The white metal remains on the defensive through the early European session and is currently placed near the lower end of its daily range, just above the mid-$20.00s.

XAGUSD SIGNAL :The aforementioned barrier, around the $20.85-$20.90 region, should now act as a pivotal point, which if cleared decisively will be seen as a fresh trigger for bullish traders. With technical indicators on the daily chart holding in the positive territory, the XAGUSD might then surpass the $21.00 mark and aim to test the October monthly swing high, around the $21.25 region.