XAG/ZAR Price & Performance (XAGZAR)

Silver prices are forecasted to continue their upward trajectory, with XAG/USD currently trading at $33.64. Analysts predict a potential test of the $33.35 support level before rebounding to a target above $34.65. However, a break below $33.05 could signal a decline toward $31.35, emphasizing the need for cautious trading.12

Gold's performance against the South African Rand has been strong, showing a 33.24% increase over the past year. The 52-week high reached 55,448 ZAR, reflecting robust demand. Analysts note that gold's resilience in various markets continues to bolster its appeal as a safe-haven asset amid economic uncertainties.34

XAG/USD experienced a slight dip to $33.57, despite a positive trend over the past two weeks. With medium risk levels, the pair is expected to fluctuate between $32.92 and $34.23 in the near term. Analysts recommend monitoring support at $32.50 and resistance at $33.65 for potential trading opportunities.25