Silver price tumbled more than 2% on Thursday as economic data from the United States showed that business activity is faring well amid a high interest rates economy.
Silver falls 2.18%, trading at $30.10, as strong US business activity data impacts the market. Key support levels: $30.00 psychological level, April 12 high at $29.79, and $29.00. Additional support at May 18, 2021, high of $28.74 and June 10, 2021, high of $28.28. At the time of writing, the XAG/USD trades at $30.10, down 2.18%. XAG/USD Price Analysis: Technical outlook Silver ’s uptrend remains intact, but the rapid and strong movement has led to a mean reversion.
If further weakness occurs, the next support level would be the April 12 high, now turned support, at $29.79, followed by $29.00. Additional key support levels include the May 18, 2021, high at $28.74, and the June 10, 2021, high at $28.28. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 30.12 Today Daily Change -0.66 Today Daily Change % -2.14 Today daily open 30.78 Trends Daily SMA20 28.43 Daily SMA50 27.28 Daily SMA100 25.13 Daily SMA200 24.
XAGUSD Technical Analysis Silver
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