#XAGUSD @ 22.765 Silver price seesaw from daily high of $23.69 to low of $22.88, closing at $22.81.
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- Silver price seesaw from daily high of $23.69 to low of $22.88, closing at $22.81.
The pair currently trades last at 22.765.
The previous day high was 23.02 while the previous day low was 22.56. The daily 38.2% Fib levels comes at 22.73, expected to provide support. Similarly, the daily 61.8% fib level is at 22.84, expected to provide resistance.
Silver price (XAG/USD) is almost flat during Thursday’s session after seesawing in a volatile day, reaching a daily high of $23.69 before diving towards its low of $22.88. As the Wall Street close looms, the XAG/USD trades at $22.81, registering losses of 0.12%.
The daily chart portrays the pair as neutral to downward biased, as the XAG/USD sits below the 50 and 200-day moving averages (DMAs), which would cap any rallies intents at $22.94 (50-DMA) and $23.29 (200-DMA). If those two levels are cleared, the next stop would be the top of the Bollinger-Band at $23.71, followed by $24.00.
On the downside, the first key support level lies at $23.00, followed by the October 26 low of $22.44. A breach of the latter would expose the 20-day Exponential Moving Average (EMA) at $22.21, before challenging the $22.00 mark.
Technical Levels: Supports and Resistances
XAGUSD currently trading at 22.82 at the time of writing. Pair opened at 22.86 and is trading with a change of -0.17 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 22.82 |
| 1 | Today Daily Change | -0.04 |
| 2 | Today Daily Change % | -0.17 |
| 3 | Today daily open | 22.86 |
The pair is trading above its 20 Daily moving average @ 22.22, below its 50 Daily moving average @ 22.96 , below its 100 Daily moving average @ 23.28 and below its 200 Daily moving average @ 23.31
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 22.22 |
| 1 | Daily SMA50 | 22.96 |
| 2 | Daily SMA100 | 23.28 |
| 3 | Daily SMA200 | 23.31 |
The previous day high was 23.02 while the previous day low was 22.56. The daily 38.2% Fib levels comes at 22.73, expected to provide support. Similarly, the daily 61.8% fib level is at 22.84, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 22.6, 22.35, 22.14
- Pivot resistance is noted at 23.07, 23.28, 23.54
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 23.02 |
| Previous Daily Low | 22.56 |
| Previous Weekly High | 23.70 |
| Previous Weekly Low | 22.37 |
| Previous Monthly High | 24.82 |
| Previous Monthly Low | 22.12 |
| Daily Fibonacci 38.2% | 22.73 |
| Daily Fibonacci 61.8% | 22.84 |
| Daily Pivot Point S1 | 22.60 |
| Daily Pivot Point S2 | 22.35 |
| Daily Pivot Point S3 | 22.14 |
| Daily Pivot Point R1 | 23.07 |
| Daily Pivot Point R2 | 23.28 |
| Daily Pivot Point R3 | 23.54 |
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