Silver prices (XAG/USD) dropped in the mid-North American session on Wednesday as market sentiment turned negative, which usually underpins the grey m
Silver prices drop as XAG/USD trades at around $22.85, down 0.33%. XAG/USD remains downward biased after sliding below 200 and 50-day moving averages . A breach of the 20-day Exponential Moving Average at $22.20 could expose $22.00 and $20.77 levels. etal. Nevertheless, an uptick in US Treasury bond yields and a strong US Dollar , capped the XAG/USD advance towards the $24.00 figure. At the time of writing, Silver exchanges hands at $22.85, down 0.33%.
On the flip side, if XAG/USD reclaims the 50-DMA at $22.94, Silver could challenge the $23.00 figure, followed by the 200-DMA at $23.29, ahead of the top of the Bollinger-Bands at $23.69. XAG/USD Price Action – Daily chart XAG/USD Technical Levels XAG/USD Overview Today last price 22.86 Today Daily Change -0.06 Today Daily Change % -0.26 Today daily open 22.92 Trends Daily SMA20 22.2 Daily SMA50 22.95 Daily SMA100 23.28 Daily SMA200 23.31 Levels Previous Daily High 23.21 Previous Daily Low 22.
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