XAGUSD: Political Pricing Tension in Silver



We see that the demand for silver, which is one of the important members of safe havens, is increasing due to the concerns about Taiwan’s tension on the US-China line in global markets. From this point of view, if the gray metal, which remains attached to the ascending channel formation, can complete its transition to 20.65 resistance, it can maintain its buyer potential until the psychological 21.00 level. In possible downside movements, 19.75 support will be followed.