Silver Price Forecast: XAG/USD rallies above the 200-DMA, eyeing $22.00 ahead of Powell – by christianborjon Silver XAGUSD Metals Macroeconomics Technical Analysis
of the posture of the Federal Reserve Chair Jerome Powell after the latest economic data. At the time of writing, the XAG/USD is trading at $21.64 a troy ounce after clearing the 200-day Exponential Moving Average at $21.31.remain mixed as traders await Jerome Powell’s speech. Throughout the last couple of weeks, Fed policymakers laid the ground that the central bank would slow the velocity of tightening but reiterated that the Fed has ways to go before pausing rate increases.
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