Silver price (XAG/USD) stages a recovery after bottoming at around the $20.80 area during the last three days, rising back above $21.50, posting gains
Silver rebounds from a near $20.80 low, surging above $21.50, undeterred by positive US economic reports. A critical resistance at $21.60/70 looms, with a breakthrough potentially paving the way to $22.00. Downward path highlights supports at $21.00 and a 7-month low of $20.69, with a possible dip to $19.90 of 2.81%. An upbeat report from the United States was not a reason to stop Silver’s climb on Friday.
Conversely, and the path of least resistance, the XAG/USD first support would be $21.00, followed by the recent 7-month low of $20.69. A decisive break, Silver’s could test the year-to-date low reached on March 2023 at around $19.90. XAG/USD Price Action – Daily chart XAG/USD Technical Levels XAG/USD Overview Today last price 21.55 Today Daily Change 0.57 Today Daily Change % 2.72 Today daily open 20.98 Trends Daily SMA20 22.59 Daily SMA50 23.17 Daily SMA100 23.4 Daily SMA200 23.
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