In Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase.
The XAG/USD stands firm near $24.90 in Wednesday's session. US Treasury yields are mixed with some rising and others declining. Jerome Powell's presser and the updated Dot Plots may fuel volatility in the bond market. In Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase.
XAG/USD technical analysis Based on the indicators of the daily chart, the Relative Strength Index for the XAG/USD pair leans positive, predominantly displaying values in the 60s range. This reveals a dominance of buyers in the market, deepening the positive terrain. Combined with the decreasing green bars of the Moving Average Convergence Divergence histogram, momentum seems to shift towards a slight downturn. Still, the bullish phase with moderate volatility is maintained.
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