Silver's price moved higher late in the North American session due to lower US Treasury yields and a softer US Dollar.
Silver rises 1.32% to $28.57, buoyed by lower US Treasury yields and a weakening dollar. XAG/USD shows strong upward trend within $28.00-$28.80 range, up from early May low of $26.02. To maintain momentum, silver aims to breach $29.00, targeting YTD high of $29.79 and $30.00. Support at $28.00; further supports at 38.2% Fib retracement and 50% Fib . Silver's price moved higher late in the North American session due to lower US Treasury yields and a softer US Dollar.
’ Momentum favors buyers, with the Relative Strength Index standing at bullish territory. For a bullish continuation, buyers need to reclaim the $29.00 psychological figure. Once cleared, the next stop would be the year-to-date high at $29.79, followed by the $30.00 mark. Conversely, if sellers stepped in and pushed prices below $28.00, look for further losses. The first demand zone would be the 38.2% Fib retracement at $27.70. A breach of the latter will expose the 50% Fib retracement at $27.
XAGUSD Metals Technical Analysis Silver
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silver Price Analysis: Silver price forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart with negative implications for the precious metal’s price going forward.
Les mer »
Silver Price Analysis: Silver price could be forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart which bodes ill for the precious metal’s price going forward.
Les mer »
Silver Price Analysis: XAG/USD gains marginally, clings above $28.00Silver's price advanced 0.28% on Monday, courtesy of falling yields in US Treasuries and a softer US Dollar.
Les mer »
Silver Price Analysis: XAG/USD soars above key resistance as buyers’ eye $29.00Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy.
Les mer »
Silver Price Analysis: XAG/USD recovers after testing $27.00 psychological levelSilver price registers modest gains despite rising US Treasury bond yields and a strong US Dollar.
Les mer »
Silver Price Analysis: XAG/USD retreats amid strong US DollarSilver price slid late in the North American session due to overall US Dollar strength across the board amid falling US Treasury yields.
Les mer »