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


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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