Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy.
Silver rallies, gaining nearly $1.00 to pass $28.00, fueled by falling US Treasury yields and a weaker dollar. Bullish technicals as RSI exceeds 60, indicating room for more upward movement. Resistance levels at $28.49 and $29.00, targeting year-to-date high of $29.79; support at $28.00 and $27.70. At the time of writing, XAG-USD trades at $28.29, up by more than 3.50%. XAG/USD Price Analysis: Technical outlook After consolidating below the latest cycle high of $27.
49, that could pave the way to test $29.00. Once cleared, the next stop would be the year-to-date high of $29.79, followed by the $30.00 figure. On the flip side, if sellers drag Silver below $28.00, the immediate support would be the 38.2% Fib retracement at $27.70, followed by the 50% Fib retracement at $27.05. Once those levels are cleared, up next is the psychological $27.00 figure. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 28.33 Today Daily Change 1.
XAGUSD Metals Technical Analysis Silver
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