Silver price slid late in the North American session due to overall US Dollar strength across the board amid falling US Treasury yields.
Silver drops in late trading, impacted by a strong US Dollar and falling Treasury yields. Remains technically bullish, trading within key Fibonacci levels from $24.33 to $29.78. Resistance at $27.70, support at $27.05; market trends could push price to $28.00 or below $27.00. Despite that, the XAG/USD trades at $27.23, down 0.71%. XAG/USD Price Analysis: Technical outlook The grey metal remains upward-biased despite retreating toward the $27.20 area on Tuesday.
49 ahead of $29.00. On the flip side, if sellers want to push prices lower, they must drag prices below the 50% Fibo retracement at $27.05. Once done, sellers must clear $27.00, followed by the confluence of the May 2 low and the 50-day moving average at $26.02/08. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 27.24 Today Daily Change -0.20 Today Daily Change % -0.73 Today daily open 27.44 Trends Daily SMA20 27.58 Daily SMA50 25.87 Daily SMA100 24.48 Daily SMA200 23.
XAGUSD Metals Technical Analysis Silver
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