Spread dan syarat terbaik kami

Silver plunged more than 3% on Wednesday, as US Treasury bond yields pare their earlier gains, while the Greenback (USD) exploits to the upside ahead of the release of the Federal Reserve’s December meeting minutes. At the time of writing, the XAG/USD is trading at $22.89 after hitting a daily high of $23.72.
The daily chart portrays the grey metal as neutral-biased, but if it prints a daily close below the three-month-old upslope support trendline drawn from the lows of October 2023, that could pave the way for further losses. In that outcome, the XAG/USD could dive below the $22.00 figure and test the November 13 low of $21.88, followed by the October monthly low of $20.69.
On the other hand, if Silver trims some of today’s losses and buyers reclaim the 100-day moving average (DMA) at around $23.29, that would keep buyers hopeful of higher prices, with the first resistance level emerging at the confluence of the 50 and 200-DMAs, each at $23.64 and $23.66, respectively. Once those levels are surpassed, the next resistance would be the $24.00 mark.