Silver prices dropped from daily highs that had reached around $32.09 earlier, even though US Treasury bond yields tumbled.
Silver prices tumbled even though US bond yields fell. The formation of an ‘evening star’ can pave the way to challenge lower prices. XAG/USD to consolidate around $31.00 if buyers hold firm around the latter. A late recovery of the US Dollar, trimming some of its losses, weighed on the grey metal, which is down more than 2.80%. At the time of writing, the XAG/USD trades at $31.06 and falls to three-day lows.
00, further losses lie beneath. The next support would be the May 24 latest cycle low of $30.05, followed by the April 12 high of $29.79. Once cleared, the next stop would be the $29.00 psychological level. On the flip side, if buyers keep silver spot prices above $31.00, that would pave the way for consolidation, around the $31.00/$32.00 range. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 31.11 Today Daily Change -0.86 Today Daily Change % -2.69 Today daily open 31.
XAGUSD Technical Analysis Silver
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Silver Price Analysis: XAG/USD tumbles below $32.00 as ‘double top’ loomsSilver prices posted modest losses of 0.32% on Wednesday as US Treasury bond yields edged up, downward pressure on precious metals.
Baca lebih lajut »
Silver Price Analysis: XAG/USD surges above $31.50 amid thin tradingSilver prices rallied sharply on Monday, posting gains of more than 4%.
Baca lebih lajut »
Silver Price Analysis: XAG/USD plummets over 2%, bears target $30.00Silver price tumbled more than 2% on Thursday as economic data from the United States showed that business activity is faring well amid a high interest rates economy.
Baca lebih lajut »
Silver Price Analysis: XAG/USD plunges below $31.00 amid Fed’s hawkish minutesSilver price tumbled more than 3.50% during the North American session after the Federal Reserve revealed “hawkish tilted” minutes that showed some officials would like to raise rates if inflation warranted it.
Baca lebih lajut »
Silver Price Analysis: XAG/USD edges up yet remains below $32.00Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
Baca lebih lajut »
Silver Price Analysis: XAG/USD rally pauses as ‘doji’ emerges as US yields climbSilver’s advancement paused on Thursday, as the grey metal posted minuscule losses of 0.04%, exchanging hands virtually unchanged.
Baca lebih lajut »