Silver Price Forecast: Weekly support tests XAG/USD bears around $25.50

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Silver Price Forecast: Weekly support tests XAG/USD bears around $25.50
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Silver Price Forecast: Weekly support tests XAG/USD bears around $25.50 By anilpanchal7 Silver Technical Analysis Commodities Candlesticks ChartPatterns

After moving up from a low of 0.7494, AUD/USD ended on Friday in the 0.75 area during markets that were mixed on Friday. AUD continues to benefit from being geographically far from Ukraine’s conflict and from higher global commodity prices. EUR/USD is starting out the week trapped between support and resistance but leans with a bearish bias within a strong bearish trend. There are prospects of a fresh cycle low in the coming days.

The precious metal slipped near a low of $1,910 last week but found responsive buying, which managed to push the gold prices higher and it closed almost fast. Ethereum price could continue its uptrend, as analysts set a price target at $3,500. The top 10 Ethereum whales now hold 4.3% more of the altcoin's supply compared to 2021. Analysts have predicted a spike in Ethereum price over the weekend, as whales accumulate ETH.

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