Silver price (XAG/USD) climbed from around two-day lows of $ 22.60 and targeted the 200-day moving average (DMA) on Thursday after comments from the U
Daily chart shows Silver as bearish-biased, remaining below the 200-DMA at $23.31. A breach of the 200-DMA at $23.31 could open the door for further upside, with potential targets at $23.72 and $24.00. If XAG/USD slides below $23.00, it could drop toward the 50-DMA at $22.90, followed by $22.37 and the 20-day EMA at $22.20. S Federal Reserve Chair Jerome Powell impacted the odds for another rate hike in the futures market. Hence, XAG/USD advanced, and trades at around $22.95, gaining 0.50%.
A breach of the latter would open the door to challenge the top of the Bollinger Band at $23.72 before testing $24.00. Conversely, if Silver Spot slides below $23.00, that would pave the way to test the 50-DMA at $22.90, followed by intermediate support at $22.37. Once cleared, the next stop would be the 20-day EMA at $22.20. XAG/USD Price Action – Daily chart XAG/USD Technical Levels XAG/USD Overview Today last price 23.06 Today Daily Change 0.22 Today Daily Change % 0.96 Today daily open 22.
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