XAGUSD Price Analysis – August 23 After plunging to lows of $22.87 at the beginning of the prior week, XAGUSD pulled off stunning comebacks to close at $24.02. In a risk-off environment, the US dollar has softened, pushing silver to an extended region. Coupled with significant macroeconomic data releases from the US, the latest COVID […]
XAGUSD Price Analysis – August 22 In the prior week, the XAGUSD pair swung to the downside, hitting a daily low of $22.87. The dollar was the strongest currency across the board, but by the end of the week, it had lost some momentum. However, Silver is down for the fourth session in a row, […]
XAGUSD Price Analysis – August 1 Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of […]
XAGUSD Price Analysis – July 18 Silver (XAGUSD) failed to break over a stiffer barrier ahead of the $26.40 region once more. On Friday, it dipped slightly lower and may remain depressed, with sellers now attempting to grab hold around the $26.00 region. The US dollar is gaining traction as a potential challenge to XAGUSD […]
XAGUSD Price Analysis – July 4 The Silver (XAG) sellers were unable to keep their price below the $25.00 level and began a new surge versus the US Dollar. The XAGUSD pair has moved into a positive zone after breaking through the mid $26.00 level. Silver is holding up while the dollar fell on Friday […]
XAGUSD Price Analysis – June 20 Silver (XAGUSD) remained under moderate downward pressure after completing the previous week in the negative region. Leading to a gradual recovery in US rates, the bulls tread cautiously. Silver’s recovery progress may emerge if the US dollar’s retreat returns. Key LevelsResistance Levels: $28.75, $27.50, $26.72Support Levels: $25.50, $24.50, $23.50, […]
XAGUSD Price Analysis – June 6 After failing to profit from the weaker DXY on Friday, the XAGUSD saw some buying near the $27.00 mark. As buyers hunt for upside continuation, the pair is correcting but could be headed for a new high. As buying interest ramped up at the $27.22 level, silver is currently […]
XAGUSD Price Analysis – May 30 Silver (XAGUSD) is in an uptrend, with buyers controlling any dips and setting for a move higher to the $28.00 region. The price of silver is currently $27.93 per ounce, up 0.32 percent. The price of silver is being pulled downwards as the US dollar and Treasury yields strengthen. […]
Silver dropped in the short term, but the bias remains bullish. The price has found strong support, so it could start increasing again. A temporary drop was expected after reaching a strong resistance level. It’s trading in the green at 27.777 level at the moment of writing trying to approach the 28.000 psychological level. USD’s […]
