Silver witnessed further selling on Wednesday and again approached annual lows. The setup favors bearish traders and supports further loss prospects. The bears could wait for a break below $ 22.00 before placing new bets. At payment It struggled to capitalize on the overnight rebound from near annual lows, instead finding new offers on Wednesday. […]
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XAG / USD recovers after falling towards $ 22.00
-637680926987195162.png "XAG / USD recovers after falling towards $ 22.00")
Silver falls to $ 22.07 and was able to stay above the critical $ 22.00 level. It recovered sharply, alleviating the negative bias. At payment It cut losses during the last hours and after hitting a weekly low of $ 22.07, close to the 2021 low of $ 22.01. The $ 22.00 zone remains a […]
XAG / USD remains stable above $ 22.50, bearish bias remains
Silver attracted some purchases on Friday, although it lacked subsequent purchases. The setup favors bearish traders and supports further loss prospects. A sustained break below the $ 22.50-45 area is needed to reassert the negative bias. At payment It regained positive traction on Friday and reversed the modest losses of the previous day, although it […]
XAG / USD declines from 3-day highs, holding above 100-hourly SMA
Silver gained positive traction for the second straight session on Wednesday. Sustained move past the $ 22.65-70 confluence paved the way for further gains. Bearish oscillators on the daily chart warrant caution for aggressive bull traders. At payment It gained traction for the second day in a row and rebounded further from the lowest level […]
XAG / USD tests 23.6% of the Fibonacci level, around the $ 22.65-70 zone
Silver was based on its solid recovery move from the $ 22.00 level, or the yearly lows touched on Monday. Mixed oscillators on hourly / daily charts deserve some caution before placing new bullish bets. At payment It gained some positive traction on Tuesday and moved away from the lowest level since November 2020, around […]
XAG / USD falls more than 2% before the dollar rises
Metals are under pressure Thursday, ahead of US data. The dollar gains moment days before the FOMC and Treasury yields rebound. XAG / USD at low since Aug 23 below $ 23.50. As he oro like silver are falling significantly on Thursday. In the case of silver, the XAG / USD is down 2.05%, trading […]
XAG / USD struggles at $ 24.00, bears look at $ 23.50
Silver is constantly hovering around $ 23.75, waiting for a catalyst. Mixed market sentiment, but slightly pessimistic, triggered by the slowdown in the Chinese economy. XAG / USD daily and hourly charts support a bearish bias in the white metal. At the beginning of the New York session, the XAG / USD It peaked at […]
XAG / USD bounces away from monthly lows, remains vulnerable
Silver continued its recent downward trajectory and updated monthly lows on Monday. Slightly oversold RSI on the 1 hour chart helped cap any further losses, for the time being. Silver extended its recent retracement drop from the $ 24.80-85 zone and witnessed some follow-up selling on the first day of a new trading week. This […]
XAG / USD cuts modest gains, lateralized above $ 24.00
Silver witnessed a modest intraday pullback from the static resistance at $ 24.30. The setup favors bearish trading and supports the prospects for further losses. A sustained break below the $ 23.80 support will reaffirm the negative outlook. At payment struggled to capitalize on its modest intraday gains, instead encountered new offers near the static […]
XAG / USD bears flirt with $ 24.30-25 confluence support
Silver has been hovering in a range close to the confluence support of $ 24.30-25. Mixed oscillators deserve caution before placing aggressive directional bets. At payment it extended its sideways consolidation price action throughout the mid-European session and remained confined to a tight tight trading range around the $ 24.30-25 region. The aforementioned area marks […]
