XAGUSD SILVER | Update | 20th Feb | FOREX
🔹Timeframe: 4 hour
🔹Stratergy: Neutral
🔹Silver prices at around $23 per ounce, down from seven-week highs.
🔹 Waiting on upcoming FOMC minutes and statements.
🔹Initial expectations for a March cut now shifted to a 53% chance of a 25bps cut in June.
🔹Silver expected to rise in 2024, influenced by a weaker dollar and lower Treasury yields amid looser Fed policy.