Silver price is almost flat during Wednesday’s North American session, as US Treasury bond yields halted its decline, while the Greenback (USD) prints minuscule gains of 0.01%, as shown by the US Dollar Index (DXY).
Silver prices show little movement, trading at $22.59 amid a halt in the decline of US Treasury yields and a negligible uptick in the Dollar. Technical analysis suggests a neutral to bearish outlook for silver, with a potential drop if it closes below the October 26 low of $22.44. Silver's immediate support and resistance levels hover around the $22.00 and $23.00 marks, respectively. At the time of writing, the XAG/USD is trading at $22.59, after seesawing in a $22.31/$22.
00 figure, the first line of defense for Silver Bulls, followed by $21.50, followed by the $21.00 mark. On the flip side, buyers must reclaim the 50-day moving average at $22.75, followed by the 20-DMA at $22.84, followed by the $23.00 mark. XAG/USD Price Chart – Daily XAG/USD Technical Levels XAG/USD Overview Today last price 22.59 Today Daily Change -0.03 Today Daily Change % -0.13 Today daily open 22.62 Trends Daily SMA20 22.84 Daily SMA50 22.81 Daily SMA100 23.19 Daily SMA200 23.
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