Russia - Ukraine Crisis support Silver prices




Both strong bearish movement in treasury yields all around the world and bullish trend in USD cause pressure on Silver, Russia-Ukraine crisis leads the investors to safe haven assets. As a result XAGUSD tested the highest level of the last 20 days and as long as it stays above 23.50, we will follow 24.20 and 24.60 resistance levels closely. Against possible losses below 23.50 level, 23.15 support might be taken into consideration for short positions