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June 30, 2025

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XAGUSD: Silver under pressure

XAGUSD, Daily

XAGUSDDaily300625.png

Silver has formed a pattern of heads and shoulders. The chart also shows a bearish, engulfing candlestick pattern. The price is testing the support level of 35.90.

  • If the support level of 35.90 is broken, a decline to 34.75 will begin.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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FBS Analyst Team

Author: FBS Analyst Team

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