Maroc - FINANCIALMIRROR.COM - A La Une - 26/Mar 08:10

Silver loses previous gains, bullish potential

Silver attracted some sellers during the Asian session on Wednesday and eroded a part of the previous day’s strong move up. The white metal currently trades around the $33.65-33.60 area, down 0.30% for the day, though the downside seems limited on the back of a bullish technical setup. The XAGUSD last week showed some resilience below the $33.00 mark and the 100-period Simple Moving Average (SMA) on the 4-hour chart. The subsequent move-up and positive oscillators on the daily chart validate the positive outlook. Hence, any further intraday slide could be seen as a buying opportunity and remain limited near