Silver price (XAG/USD) remains subdued late in the New York session, printing mild losses of 0.35%, below $21.00 per troy ounce after hitting a daily
Silver price experiences mild losses, lingering below the $21.00 mark amidst a cautious market. Technical analysis reveals a consolidation phase, with seven-month-low support at $20.91 and resistance around $21.50. Short-term triple-bottom pattern emerges, targeting $22.00, contingent on breaking through several resistance levels. high of $21.29. The XAG/USD daily chart portrays the white metal in consolidation, capped on the downside by a seven-month-low at around $20.91.
39, but on its way towards that price, the non-yielding metal must face solid resistance levels. The first supply zone would be the 20-hour Exponential Moving Average at $21.05, followed by the top of the Bollinger bands at $21.32, before cracking the latest cycle high. The triple-bottom next target would be $22.00. XAG/USD Price Action – Hourly chart XAG/USD Technical Levels XAG/USD Overview Today last price 20.94 Today Daily Change -0.07 Today Daily Change % -0.33 Today daily open 21.
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