Silver price registers modest gains despite rising US Treasury bond yields and a strong US Dollar.
Silver rebounds from $27.00, rising 0.38% amid increased buying interest. Remains bullish, trading between Fibonacci levels of $24.33 and $29.78. To gain further, needs to surpass 38.2% Fibonacci level at $27.70, targeting $28.00 and beyond. The grey metal dipped to $27.00 but climbed as buyers stepped in. The XAG/USD trades at $27.33, up by 0.38%. XAG/USD Price Analysis: Technical outlook Silver remains upward biased, and it remains trading within the 50% and 38.
00 psychological figure, followed by the 23.6% Fib retracement at $28.49 ahead of $29.00. On the flip side, if sellers want to push prices lower, they must drag prices below the 50% Fib 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 27.33 Today Daily Change 0.09 Today Daily Change % 0.33 Today daily open 27.
XAGUSD Metals Technical Analysis Silver
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