Silver price (XAG/USD) loses some of its bright, retreats from around weekly highs of $22.01 and is back below the figure, exchanging hands at around
Silver price struggles beneath the $22 mark, forming a bearish 'harami' pattern on daily charts. Potential bearish continuation looms, with sights set on the October 9 low of $21.57. Recovery above $22.00 necessitates claiming $22.11, with subsequent hurdles noted at 20-day EMA. $21.75, even though US Treasury bond yields continued to extend their losses. The daily chart portrays the white metal was shy of reclaiming the June 23 swing low of $23.
On the other hand, if XAG/USD recovers the $22.00 figure, buyers must claim a June 23 low of $22.11. A breach of the latter will expose the 20-day Exponential Moving Average at $22.38 before testing the 50-day moving average at $22.98. XAG/USD Price Action – Daily chart XAG/USD Technical Levels XAG/USD Overview Today last price 21.75 Today Daily Change -0.13 Today Daily Change % -0.59 Today daily open 21.88 Trends Daily SMA20 22.46 Daily SMA50 23.05 Daily SMA100 23.36 Daily SMA200 23.
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