-
XAG/USD clinging onto 200-DMA support, downside favored
Silver’s path of least resistance appears down, per the daily chart. Acceptance below 200-DMA support to trigger a fresh sell-off. RSI stays bearish, with 21-DMA acting as a strong upside hurdle. Silver (XAG/USD) extends weakness into the second straight day on Thursday, as the critical 200-daily moving average (DMA) support at $25.03 is now put to test. The white metal managed to close Wednesday above that level, although the upside break lacked conviction, as the sellers return on Thursday. The 14-day Relative Strength Index (RSI) trades listless below the midline, the bearish territory, allowing room for ... (full story)