Silver’s retreats after hitting a two-and-a-half-year high of $27.33 amid growing speculations of geopolitical risks due to Israel’s attack on Iran’s embassy in Syria.
Silver pulls back from $27.33 amid geopolitical concerns, market caution. Bullish trend holds, with supports at $25.91, $25.08. Rebound above $27.00 may target recent high, with eyes on $28.00, subject to market shifts. That has triggered a late risk-off impulse, which is weighing on the precious metals, including Gold. The XAG/USD is down more than 1% and trades at $26.84.
08 before plummeting toward March 27’s low of $24.33. On the other hand, if buyers push Silver’s spot price above $27.00, look for a re-test of the year-to-date high at $27.33 before rallying to $28.00. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 26.82 Today Daily Change -0.35 Today Daily Change % -1.29 Today daily open 27.17 Trends Daily SMA20 24.93 Daily SMA50 23.66 Daily SMA100 23.66 Daily SMA200 23.42 Levels Previous Daily High 27.19 Previous Daily Low 26.
XAGUSD Technical Analysis Silver
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