Silver Price Analysis: XAG/USD to simmer a break above the $30.10/72 area – Credit Suisse

Silver (XAG/USD) remains trapped in its range. Nevertheless, strategists at Credit Suisse continue to look for an eventual break higher. 

Above $30.10/72 lies the $35.23/36 neighborhood

“Silver extends its sideways consolidation from last August but we continue to view this as a corrective pause ahead of an eventual move back to $30.10/72.” 

“Beyond the $30.10/72 area is needed to act as the catalyst for a resumption of the core bull trend with resistance then seen next at $35.23/365.” 

“Support at $23.78 now ideally holds.”