Silver’s rally continued Wednesday after a softer-than-expected Consumer Price Index (CPI) report in the United States (US) sent US yields tumbling, a tailwind for the precious metal.
Silver trades at $29.73, up over 3.80% after softer US CPI report. XAG/USD must surpass $29.79 and $30.00 for bullish momentum to continue. Key supports at $28.75 and $28.00 if prices fall below $29.00. Silver ’s rally continued Wednesday after a softer-than-expected Consumer Price Index report in the United States sent US yields tumbling, a tailwind for the precious metal. The XAG/USD trades at $29.73, up by more than 3.80% on the day.
15, followed by the October 2012 high at $35.40. On the other hand, sellers need to drag Silver’s price below the $29.00 figure. In that outcome, the pull back could get to the May 18, 2021, high turned support at $28.75, followed by the $28.00 mark. Further losses lie below the latter, with key support seen at $27.00. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 29.68 Today Daily Change 1.06 Today Daily Change % 3.70 Today daily open 28.62 Trends Daily SMA20 27.
XAGUSD Technical Analysis Silver
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