View full page at metalsmine.com

 

Silver Price Analysis: XAG/USD meets offers around $24.00 as USD Index rebounds

From fxstreet.com

Silver price (XAG/USD) has sensed barricades after testing strength near the critical resistance of $24.00 in the Asian session. The white metal has faced pressure as the US Dollar Index (DXY) has displayed signs of recovery after dropping to near 101.30. The USD Index might be supported by the market participants as investors might get anxious ahead of the release of the United States Personal Consumption Expenditure (PCE) Price Index (Dec). Meanwhile, the market sentiment seems negative as the S&P500 futures are displaying decent losses in the Asian session. The 10-year US Treasury yields have climbed to near ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis