Silver price rallied sharply for the second straight day and climbed past $30.00 on Thursday amid elevated US Treasury bond yields and a stronger US Dollar.
Silver climbs over 3%, despite higher US Treasury yields and a stronger US Dollar. Technical outlook shows bullish bias with momentum favoring buyers; RSI aims higher above the 50-neutral line. Key resistance levels: $31.54 and $32.00, with YTD high at $32.51 in sight. Support levels at $29.09 and $28.66 . The grey metal trades at $30.68 up by more than 3%. XAG/USD Price Analysis: Technical outlook Silver remains bullish biased and after consolidating during the last six days within the $28.
00 before challenging the year-to-date high of $32.51. On the other hand, if XAG/USD sellers drag spot prices below the 50-day moving average at $29.09, it will expose $29.00. Once cleared, that could expose the MTD low of $28.66, ahead of plunging toward the 100-DMA at $26.60. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 30.73 Today Daily Change 1.02 Today Daily Change % 3.43 Today daily open 29.71 Trends Daily SMA20 30.23 Daily SMA50 29.07 Daily SMA100 26.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silver Price Forecast: XAG/USD nosedives below $30 as strong US NFP report boosts US yieldsSilver price (XAG/USD) plummets below the psychological support of $30.00 in Friday’s New York session.
Lire la suite »
Silver Price Forecast: XAG/USD steadies below $30 ahead of US ISM Services PMISilver price (XAG/USD) fails to find direction and remains sideways below the psychological resistance of $30.00 despite the United States (US) Automatic Data Processing (ADP) has reported weaker-than-expected private payroll data for May.
Lire la suite »
Silver Price Forecast: XAG/USD finds support near $30 but remains feeble amid firm US DollarSilver price (XAG/USD) finds temporary support near the psychological support of $30.00 in Friday’s European session after witnessing a sharp sell-off in the past two trading session.
Lire la suite »
Silver Price Analysis: XAG/USD climbs more than 0.50%, eyes $30.00Silver climbed during the North American session, gaining more than 0.60% amid thin trading liquidity conditions.
Lire la suite »
Silver Price Analysis: XAG/USD retreats from weekly highs around $30.00Silver prices registered solid gains of 1.45% on Wednesday, as the US Federal Reserve kept monetary policy unchanged while upwardly reviewing its inflation expectations and adjusted its estimates for the federal funds rate.
Lire la suite »
Silver Price Analysis: XAG/USD bounces back but stays bearish below $30.00Silver price trims some of its losses from last Friday, yet it remains under pressure as US Treasury bond yields along the short and long end of the curve rise.
Lire la suite »