- Silver is falling more than 2%, while gold remains flat.
- Mixed US dollar and Treasury yields down.
At payment it is down 2.60% on Tuesday after turning decisively lower during the US session. The XAG / USD bottomed at $ 24.48, the lowest level since early April. At the time of writing, the metal remains at a minimum, under pressure.
No particular trigger was behind the XAG / USD move. End-of-month flows around the London correction and technical factors fueled the decline. At the same time, gold prices only dipped from highs and returned to neutral territory for the day. US yields are falling and the DXY is down 0.30%.
The drop below $ 25.00 on Tuesday with more intensity compared to last week, exposed previous monthly lows ($ 24.72) that were not an obstacle to the liquidation. Now the area around $ 24.50 is the immediate support and below the next one it is at $ 24.30.
The current sell-off shows no signs of stabilization. Very short-term technical indicators are already in oversold territory. At the moment, no support appears to be strong enough.
Technical levels
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