Silver prices remain flat on Monday amid firm US Treasury yields and a weaker US Dollar.
Silver trades slightly up by 0.16% due to the soft US Dollar. Technical outlook shows a bearish engulfing pattern from last week, with RSI indicating bearish momentum. Key support levels: 50-DMA at $29.14, $29.00, MTD low at $28.66, and 100-DMA at $26.82. Key resistance levels: June 7 high at $31.54, $32.00, and YTD high at $32.51. The XAG/USD trades at $29.58, up a minimal 0.16%.
66, ahead of a potential drop towards the 100-DMA at $26.82. On the flip side, if XAG/USD resumes its uptrend, the next resistance level is the June 7 high of $31.54. Clearing this level would target $32.00 before challenging the year-to-date high of $32.51. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 29.59 Today Daily Change 0.04 Today Daily Change % 0.14 Today daily open 29.55 Trends Daily SMA20 30.22 Daily SMA50 29.15 Daily SMA100 26.74 Daily SMA200 24.
XAGUSD Metals Technical Analysis Silver
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