-637850024084807211.png "XAG/USD flirts with ascending channel resistance near .70")
Silver builds on its steady rise for the third day in a row on Friday. Resistance from a two week old downtrend line could limit the upside. Sustained weakness below $24.00 would set the stage for further losses. The price of silver (XAG/USD) advances for the third day in a row on Friday and rises […]
Tag: XAGUSD
XAG/USD rises towards $24.50, the 200 hourly SMA could cap the upside
-637849307139926002.png "XAG/USD rises towards .50, the 200 hourly SMA could cap the upside")
Silver gained some traction on Thursday and is now looking to take advantage of the overnight rally. Repeated failures near $25.00 and the 200-hour SMA resistance favor bearish traders. A sustained break below the $24.00 round figure will set the stage for additional short-term losses. the silver attracted some buying on dips near $24.25 on […]
XAG/USD looks vulnerable near 1-week low just above $24.00
-637848422679565199.png "XAG/USD looks vulnerable near 1-week low just above .00")
Silver moves lower for the fifth day in a row and falls to a one-and-a-half week low. The setup points to prospects of a drop to retest levels below $24.00, March lows. Sustained strength above the $25.00 level is needed to negate the bearish picture. Silver price (XAG/USD) is extending the previous day’s rejection move […]
XAG/USD remains in gains near $24.60-$65 zone, bearish bias remains
-637847497651253241.png "XAG/USD remains in gains near .60- zone, bearish bias remains")
Silver gained some positive traction on Tuesday and snapped a three day losing streak. The mixed technical setup warrants some caution before positioning yourself for any other advantage. A sustained move beyond $25.00 is needed to support any short-term positive bias. the silver built on the overnight bounce from the $24.30-$24.25 region and gained some […]
XAG/USD bears in control below $25.00 confluence
-637843136658629518.png "XAG/USD bears in control below .00 confluence")
Silver moves lower on Thursday and extends the previous day’s retracement from the $25.00 level. The setup favors the bears and supports the prospects for a further move lower. Sustained strength above the $26.00 level is needed to negate the short-term bearish bias. Silver price (XAG/USD) remains under pressure during the early part of the […]
XAG/USD struggles to find direction, trapped in a range around $25.00
-637837069485327236.png "XAG/USD struggles to find direction, trapped in a range around .00")
Silver price is trading in a tight range during the European session on Thursday. The recent range-bound price action could be classified as a bearish consolidation phase. Neutral technical indicators warrant some caution before positioning for a significant drop. The price of silver (XAG/USD) lacks a firm directional bias on Thursday and oscillates between tepid […]
Looking for a test of weekly lows near $24.50
XAG Silver has been under selling pressure in recent trading and is looking to break below last week’s lows around $24.50. Stocks are rallying, undermining silver’s safe-haven appeal, and yields are up, increasing silver’s “opportunity cost.” Silver prices (XAG/USD) they have been under selling pressure in recent trade and are currently trading at session lows, […]
XAG/USD slides back below $25.00
Silver prices sold off on Friday as risk appetite elsewhere continued to improve, with XAG/USD dipping below $25.00. But silver continues to trade well within recent ranges as traders monitor geopolitical developments. A strong end to a strong week for US stocks (and the world) has seen safe-haven silver come back under selling pressure on […]
XAG/USD poised for its fourth straight drop, below the $25.00 level before the FOMC
Silver is trading lower for the fourth consecutive session as risk appetite recovers and yields rise. XAG/USD bears are likely to be on the lookout for a test of the 50-200 DMA near $24.00 with an aggressive surprise from the Fed. Weaker-than-expected US retail sales figures for February failed to provide a boost to the […]
XAG/USD bounces off the 78.6% Fibonacci level and holds on to the $24.85 area
Silver falls as the American session ends. The Russia-Ukraine conflict and the Fed’s monetary policy decision boost US Treasury yields and weigh on silver. XAG/USD Price Forecast: Bullish Bias, But Wednesday’s Price Action Will Be Tight, Ahead of FOMC. Silver (XAG/USD), despite still trading at a loss, bounced off the 78.6% Fibonacci retracement, a solid […]
