Silver’s prices remain in positive territory but continued to register higher tails in the daily chart, signaling buyers' failure to commit to higher prices above the May 18, 2021, high of $28.74. At the time of writing, XAG/USD trades at $28.21 and gains 0.50%.
The daily chart depicts the grey metal as upward biased even though it’s retreating below the crucial resistance level, exposing the significant $28.00 figure. Once that level is cleared, it could potentially lead to a significant shift in the market dynamics. Silver’s next support would be the April 15 low of $27.59 ahead of $27.00. Once that level is taken out, the next demand zone would be the December 4, 2023, high turned support at $25.91.
On the other hand, if buyers lift XAG/USD prices back above June 10, 2021, high at $28.28, it could clear the path to test $28.74. A breach of the latter will expose $29.00, followed by the year-to-date (YTD) high at $29.79.
Overview | |
---|---|
Today last price | 28.2 |
Today Daily Change | 0.10 |
Today Daily Change % | 0.36 |
Today daily open | 28.1 |
Trends | |
---|---|
Daily SMA20 | 26.44 |
Daily SMA50 | 24.58 |
Daily SMA100 | 24.03 |
Daily SMA200 | 23.65 |
Levels | |
---|---|
Previous Daily High | 29.02 |
Previous Daily Low | 27.95 |
Previous Weekly High | 29.8 |
Previous Weekly Low | 26.88 |
Previous Monthly High | 25.77 |
Previous Monthly Low | 22.51 |
Daily Fibonacci 38.2% | 28.36 |
Daily Fibonacci 61.8% | 28.61 |
Daily Pivot Point S1 | 27.7 |
Daily Pivot Point S2 | 27.3 |
Daily Pivot Point S3 | 26.64 |
Daily Pivot Point R1 | 28.76 |
Daily Pivot Point R2 | 29.42 |
Daily Pivot Point R3 | 29.82 |
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