Silver Price Analysis: XAG/USD hovers around $22.80, grapples with 50-DMA in lackluster trade

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Silver Price Analysis: XAG/USD hovers around $22.80, grapples with 50-DMA in lackluster trade
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Silver price (XAG/USD) is almost flat during Thursday’s session after seesawing in a volatile day, reaching a daily high of $23.69 before diving towar

Silver price seesaw from daily high of $23.69 to low of $22.88, closing at $22.81. Key resistance levels at 50-DMA of $22.94 and 200-DMA of $23.29 cap potential rally attempts. Downside support at $23.00, with further levels at the October 26 low of $22.44 and 20-day EMA of $22.21. ds its low of $22.88. As the Wall Street close looms, the XAG/USD trades at $22.81, registering losses of 0.12%.

00, followed by the October 26 low of $22.44. A breach of the latter would expose the 20-day Exponential Moving Average at $22.21, before challenging the $22.00 mark. XAG/USD Price Action – Daily chart XAG/USD Technical Levels XAG/USD Overview Today last price 22.82 Today Daily Change -0.04 Today Daily Change % -0.17 Today daily open 22.86 Trends Daily SMA20 22.22 Daily SMA50 22.96 Daily SMA100 23.28 Daily SMA200 23.31 Levels Previous Daily High 23.02 Previous Daily Low 22.

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