Silver prices posted modest losses of 0.32% on Wednesday as US Treasury bond yields edged up, downward pressure on precious metals.
Silver prices dropped on Wednesday, closing the session at $31.97. Price action suggests ‘double top’ looming, yet pending validation. Watch key levels: $31.00 psychological support, May 24 high at $30.61, and $30.00 for pattern confirmation. Therefore, the XAG/USD retreated after hitting a six-day high of $32.29, and as the Asian session began, it traded at $31.97, almost flat.
00 psychological level, followed by the May 24 high of $30.61, ahead of the $30.00 mark. If XAG/USD buyers reclaim $32.00, that could pave the way to re-test the year-to-date high of $32.51. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 31.98 Today Daily Change -0.12 Today Daily Change % -0.37 Today daily open 32.1 Trends Daily SMA20 29.25 Daily SMA50 27.77 Daily SMA100 25.45 Daily SMA200 24.38 Levels Previous Daily High 32.25 Previous Daily Low 31.
XAGUSD Technical Analysis Silver
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