Silver Price Analysis: XAG/USD Soars And Breaks Above $25.00, Hits Four-Month High
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Silver climbs above the $25.00 figure for the first time since August and reaches a four-month high of $25.25, even though US Treasury bond yields and the US Dollar (USD) post solid gains. Nevertheless, the grey metal rises more than 0.70%, exchanging hands above the $25.10 area.
The XAG/USD resumed its uptrend after pausing on November 29, which witnessed the formation of a ‘doji,’ but buyers achieving a daily close above $25.00 opened the door for further gains. That said, the first resistance would be the psychological $25.50 area, followed by the May 10 swing high at $25.91, ahead of the year-to-date (YTD) high of $26.13.
For a bearish turnaround, sellers need a daily close below $25.00, before they push prices toward the November 29 low of $24.85, ahead of the November 28 low of $24.54.
XAG/USD Price Analysis – Daily Chart
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XAG/USD Technical Levels
XAG/USD
OVERVIEW | |
---|---|
Today last price | 25.19 |
Today Daily Change | 0.20 |
Today Daily Change % | 0.80 |
Today daily open | 24.99 |
TRENDS | |
---|---|
Daily SMA20 | 23.44 |
Daily SMA50 | 22.87 |
Daily SMA100 | 23.3 |
Daily SMA200 | 23.38 |
LEVELS | |
---|---|
Previous Daily High | 25.26 |
Previous Daily Low | 24.85 |
Previous Weekly High | 24.33 |
Previous Weekly Low | 23.25 |
Previous Monthly High | 23.7 |
Previous Monthly Low | 20.68 |
Daily Fibonacci 38.2% | 25.01 |
Daily Fibonacci 61.8% | 25.1 |
Daily Pivot Point S1 | 24.81 |
Daily Pivot Point S2 | 24.62 |
Daily Pivot Point S3 | 24.39 |
Daily Pivot Point R1 | 25.22 |
Daily Pivot Point R2 | 25.45 |
Daily Pivot Point R3 | 25.64 |
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