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Silver Price Analysis: XAG/USD bulls attack $23.00 with eyes on YTD high

From fxstreet.com

Silver price (XAG/USD) remains firmer at the highest level since early February, after rising the most in week the previous day, as bulls take a breather around $23.00 during early Thursday. In doing so, the bright metal seems struggling amid the nearly overbought RSI but stays on the buyer’s radar amid a successful upside break of the previous resistance area from early June 2022 and the key Daily Moving Averages (DMAs) amid bullish MACD signals. That said, multiple hurdles marked during early 2023 guards the XAG/USD’s immediate upside near $23.30, $24.00 round figure and the $24.30 hurdles before challenging the ... (full story)

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  • Category: Technical Analysis