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  • Silver Price Analysis: XAG/USD Erases some of Monday’s losses and hovers around $23.60

    From fxstreet.com

    Silver price recovers some ground and is back above Monday’s daily close, still struggling to break the 20-day Exponential Moving Average (EMA) at $23.67 a troy ounce. However, it trimmed some losses after nosediving sharply underneath the 50-day EMA and reaching a 5-day low of $22.76. The XAG/USD is trading at 23.64, up by 0.85%, as of typing. After visiting the 50-day EMA, XAG/USD resumed its uptrend, though it encountered solid resistance in the form of the 20-day EMA at 23.67. Nevertheless, bulls could remain hopeful that XAG/USD could continue to rise further as it reclaimed a three-week upslope support ... (full story)

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  • Story Stats
  • Posted: Jan 24, 2023 5:35pm
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 0  /  Views: 88
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