In Tuesday's session, the Silver spot price XAG/USD cleared most of its daily losses after bottoming at a low of $22.30 and then jumping back to $22.65.
XAG/USD found support at a low of around $22.30 and then increased towards $22.65. After recovering on Monday, US Treasuries resumed their downfall. A strong USD limits the upside. There were no relevant highlights during the session, and the metal's price dynamics were set by falling US yields, which benefited the metal. In line with that, the 2,5 and 10-year yields declined to 4.90%, 4.52% and 4.54% but remained at lows of over a month.
XAG/USD Levels to watch Upon analyzing the daily chart, bearish sentiment is evident for the short term for the XAG/USD. Relative Strength Index resides below its midline in negative territory, exhibiting a southward trajectory which alignswith anegative indication from the Moving Average Convergence Divergence , as shown by the presence of red bars, underscoring the growing bearish momentum.
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