Silver clings to modest gains of 0.29% and stays above $28.00 for the sixth consecutive trading day amid higher US Treasury bond yields and a strong US Dollar.
Silver maintains modest gains supported by a still-bullish market sentiment despite high US Treasury yields. Technical outlook favorable as the Relative Strength Index indicates buying activity despite a slight dip. Potential resistance and breakout points set at $28.75 and $29.00, with eyes on surpassing the year-to-date high of $29.79. At the time of writing, the XAG/USD trades at $28.30 after hitting a daily low of $28.14.
A breach of the latter will expose the year-to-date high at $29.79 before challenging $30.00. Otherwise, Silver’s drop below $28.00 would give sellers the upper hand and expose key support levels. Firstly, the April 15 daily low at $27.59, followed by the confluence of the 50% Fibo retracement and the $27.00 figure. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 28.31 Today Daily Change 0.11 Today Daily Change % 0.39 Today daily open 28.2 Trends Daily SMA20 26.
XAGUSD Metals Technical Analysis Silver
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Forecast: XAG/USD hovers near two-year high around $28 despite higher bond yieldsSilver price (XAG/USD) faces a nominal sell-off after printing a fresh two-year high around $28.00 in Monday’s early New York session.
Read more »
Silver Price Analysis: XAG/USD wavers, clings to gains above $28.00Silver’s prices remain in positive territory but continued to register higher tails in the daily chart, signaling buyers' failure to commit to higher prices above the May 18, 2021, high of $28.74.
Read more »
Silver Price Forecast: XAG/USD gains momentum above $28.00 on rising industrial demandSilver price (XAG/USD) gains momentum near $28.50 on Thursday during the early European session.
Read more »
Silver Price Forecast: XAG/USD retreats from nearly three-year high to below $28.00Silver price (XAG/USD) trades with mild losses around $27.85 after retracing from the fresh three-year high of $28.53 during the early European session on Thursday.
Read more »
Silver Price Forecast: XAG/USD rises to near $28.00, tracking rally in goldSilver price advances for the third consecutive session, trading higher to near $28.00 per ounce during the early European hours on Tuesday.
Read more »
Bayhorse Silver Receives Two Silver Exploration Targets from Additional Magnetic Survey Analysis on Its Bayhorse PropertiesBayhorse Silver Inc has received magnetic structural interpretations and analysis of its recent survey, identifying two silver exploration targets in the Bayhorse Idaho/Oregon Geophysics Project area.
Read more »