View full page at metalsmine.com

 

Silver Price Analysis: XAG/USD once again shows resilience and rebounds from 200-hour SMA

From fxstreet.com

Silver regains positive traction on Thursday and stalls the previous day's retracement slide from over a three-week high - levels just above the $24.00 round-figure mark. The white metal builds on its steady intraday ascent heading into the European session and hits a fresh daily top, around the $23.65 region in the last hour. From a technical perspective, the XAG/USD, so far, has shown resilience below the 200-hour Simple Moving Average (SMA), which is currently pegged near the $23.45 region and should act as a pivotal point for intraday traders. A convincing break and acceptance below should pave the way for a ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis