Silver Price Analysis: XAG/USD Bulls Retain Control Above $23.50, Highest Since February

Silver catches fresh bids on Thursday, following the previous day’s two-way/directionless price moves, and rallies to a nearly two-month high during the early European session. The white metal is currently placed around the $23.60-$23.65 region, up over 1% for the day. It seems poised to prolong its recent appreciating move from levels just below the $20.00 psychological mark or the YTD low touched earlier this March.

Against the backdrop of the recent breakout through the 61.8% Fibonacci retracement level of the pullback from over a nine-month peak, the ongoing positive move adds credence to the bullish outlook for the XAG/USD. Hence, back towards the $24.00 mark, some follow-through strength looks like a distinct possibility. The momentum could extend further towards the $24.65 region (multi-month peak touched in February) en route to the $25.00 psychological mark.

That said, Relative Strength Index (RSI) on the 1-hour chart is already flashing overbought conditions and remains close to 70 on 4-hour/daily charts. This makes it prudent to wait for some near-term consolidation or a modest pullback before placing new bullish bets. Any meaningful corrective slide, however, might now be seen as a buying opportunity near the $23.00 round-figure mark and remain limited near the 61.8% Fibo—level resistance breakpoint, around the $22.80 area.

The latter should now act as a strong base and a pivotal point, which, if broken decisively, might prompt some technical selling. A subsequent slide below the $22.50 region could drag the XAG/USD towards the $22.20 intermediate support en route to the $22.00 round figure. This is closely followed by the $21.75-$21.70 zone. A convincing break below said support levels is needed to negate the positive outlook and shift the near-term bias in favor of bearish traders.

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    20 mg is more than enough to expertise important adjustments in body composition. A frequent scam we
    now have been made conscious of is dealers labeling merchandise as Anavar,
    but the raw ingredient is Dianabol. Dianabol is a really cheap oral
    to provide; thus, by deceiving people on this means, dealers can dramatically increase
    their profit margin. Regardless Of the above protocol being efficient,
    DHEA is the official medical remedy prescribed to ladies
    for low androgen ranges.
    Therefore, any enhance in muscle hypertrophy diminishes following cycle cessation. We have also observed
    decreased muscle hypertrophy in sufferers using finasteride.

    Thus, taking this medicine might counteract the anabolic results of Anavar, inflicting bodybuilders
    to be unsatisfied with their outcomes. Users’
    genetic make-up will decide the extent of hair loss they will experience.
    There isn’t a vast amount of knowledge regarding the connection between anabolic steroid use [cs.Transy.edu] and kidney harm.

    As with other OTC supplements, look out for additional ingredients that may cause
    allergic reactions or long-term well being effects. Nonetheless, it doesn’t end result in the muscle-building claims this drug’s
    advertising copy might lead you to consider. It’s a naturally occurring substance found in meals
    like fish and meat. Tetrahydrogestrinone (THG) is another designer steroid
    that was specifically manufactured so it would not be detected in doping exams.
    The U.S. Food and Drug Administration (FDA) banned the sale of THG in 2003, declaring that it
    was not a complement as marketed however quite a PED with a potential for abuse and health
    hazards. The Cigna name, emblem, and other Cigna marks are owned by Cigna Mental Property,
    Inc. It accelerates protein use, keeps extra nitrogen, and accelerates muscle restoration.
    Regular medical monitoring, blood work, and ongoing analysis are essential to handle these risks successfully.
    Some types of anemia, significantly those not responding to other
    therapies, might profit from anabolic steroids
    to stimulate red blood cell manufacturing. Healthcare suppliers prescribe anabolic steroids for particular steroid medical makes use of, not for cosmetic or efficiency enhancement functions.
    As we age our pure testosterone ranges begin to quickly decline;
    particularly as we reach the age of thirty. If you’ve seen a
    lack of muscle mass, excess body-fat even with the identical diet and train program,
    lethargy or decreased libido, you may qualify for a prescription.
    In the previously cited study, fat loss was permanent for members.
    Thus, the hormonal lipolytic results of Anavar could also be preserved even if an individual is sedentary post-Anavar
    cycle. Analysis indicates that if an individual administers Anavar
    and doesn’t lift weights, any enhancements in muscular
    power or mass may be temporary (29).

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