๐ฅ SILVER $XAG UPDATE: $70โ$72 NEXT?
Silver has bounced off the $58 support level and reclaimed $60.
๐ Why Iโm Watching This Move:
Yesterdayโs 30-year U.S. Treasury yield auction provided a bullish signal for gold and silver. If yields are approaching a peak, precious metals could get some much-needed relief.
๐ฏ My Trade Setup:
* Entry: Around current levels
* Target: $70โ$72
* Leverage: 10x
If Treasury yields begin to cool, silver could have room to recover toward the $70โ$72 zone. Iโm watching for a relief rally. Letโs see if silver delivers. ๐
Silver has bounced off the $58 support level and reclaimed $60.
๐ Why Iโm Watching This Move:
Yesterdayโs 30-year U.S. Treasury yield auction provided a bullish signal for gold and silver. If yields are approaching a peak, precious metals could get some much-needed relief.
๐ฏ My Trade Setup:
* Entry: Around current levels
* Target: $70โ$72
* Leverage: 10x
If Treasury yields begin to cool, silver could have room to recover toward the $70โ$72 zone. Iโm watching for a relief rally. Letโs see if silver delivers. ๐