Today, December 8, silver (XAG/USD) is showing a sideways auction profile around the $22.60 immediate barrier early in the European session. The white metal has rebalanced after correcting from critical resistance at $22.80. The market atmosphere is very calm as investors wait for a potential stimulus for new motivation.
“This metal , which has similar movements with gold, is currently fluctuating between its monthly resistance and weekly support, and if it fails to cross the monthly resistance, we can see its long-term fall. As the eyes are fixed on the dollar index to cross 105.”
