Head Topics

Silver Price Analysis: XAG/USD rally continues amid demand of precious metals

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Silver News

XAGUSD,Metals,Technical Analysis

Silver’s price rose for the second straight day, climbing to $27.80, gaining more than 1% in late trading on Monday’s North American session, even though US Treasury bond yields advanced.

Silver 's rise mirrors growing precious metals interest, fueled by global central bank moves. Overbought RSI hints at consolidation before aiming higher, reflecting market optimism. Upcoming targets: $28.00 resistance, June 2021 peak, signaling potential for more gains. Even though speculations that the US Federal Reserve could cut twice instead of three times were no excuse for the grey’s metal advance linked to Gold’s rally.

Although the Relative Strength Index suggests that Silver is overbought, it could consolidate at around the $27.00-$28.00 range, before achieving its next leg up. Stir resistance lies at $28.00, followed by the June 10 , 2021 peak at around $28.28. Further upside is seen at $29.00. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 27.79 Today Daily Change 0.31 Today Daily Change % 1.13 Today daily open 27.48 Trends Daily SMA20 25.22 Daily SMA50 23.84 Daily SMA100 23.

Source: Digital Coin News (digitalcoinnews.net)

XAGUSD Metals Technical Analysis Silver

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silver Price Analysis: XAG/USD tips top of range and reverses lowerSilver price (XAG/USD) is trading in the $24.750s on Friday, after touching the top of a multi-month range at roughly $25.700 and reversing lower.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD hangs near one-week low, just above mid-$24.00sSilver (XAG/USD) extends the previous day's sharp retracement slide from the $25.75-$25.80 region, or its highest level since early December and remains under some selling pressure for the second straight day on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD tumbles as bearish engulfing pattern loomsSilver's price plunged on Thursday amidst a risk-off impulse, reinvigorating the US Dollar.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD aims to recapture 11-month high slightly above $26Silver price (XAG/USD) extends its upside to $25.70 in Thursday’s European session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD soars after Fed’s decision, eyes set on $26.00Silver prices climbed on Wednesday after the US central bank, the Federal Reserve, held rates unchanged, delivering a “dovish” hold.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Silver Price Analysis: XAG/USD finds some light ahead of Fed meetingIn Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase.
Source: FXStreetNews - 🏆 14. / 72 Read more »