{"id":112732,"date":"2023-06-23T02:27:51","date_gmt":"2023-06-23T02:27:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/xag-usd-extends-200-dma-breakdown-to-refresh-three-month-low-near-22-00-crypto-news\/"},"modified":"2023-06-23T02:27:53","modified_gmt":"2023-06-23T02:27:53","slug":"xag-usd-extends-200-dma-breakdown-to-refresh-three-month-low-near-22-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-extends-200-dma-breakdown-to-refresh-three-month-low-near-22-00-crypto-news\/","title":{"rendered":"XAG\/USD extends 200-DMA breakdown to refresh three-month low near $22.00\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Silver Price drops to the lowest levels in three months during five-day losing streak.<\/strong><\/li>\n<li><strong>Clear downside break of previous support line from mid-March, 200-DMA favors XAG\/USD bears.<\/strong><\/li>\n<li><strong>Bearish MACD signals also suggest further downside of the Silver Price but RSI (14) hints at a pullback.<\/strong><\/li>\n<li><strong>A nine-month-old ascending support line appears to be the key challenge for metal sellers.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> Price (XAG\/USD) stands on slippery grounds as it declines for the fifth consecutive day to print the lowest level since March 17 to around $22.15 amid Friday&#8217;s Asian session.<\/p>\n<p>In doing so, the bright metal justifies the early-week break of an ascending support line from mid-March, now with resistance around $23.20, as well as the previous day&#8217;s smashing of the 200-DMA level surrounding $22.50.<\/p>\n<p>Also favoring the Silver sellers are the bearish MACD signals.<\/p>\n<p>However, the oversold RSI (14) line suggests limited downside room for the XAG\/USD, which in turn highlights the 50% Fibonacci retracement level of the metal&#8217;s upside from September 2022 to May 2023, close to $21.80.<\/p>\n<p>Following that, an upward-sloping support line from early September and the 61.8% Fibonacci retracement level, respectively around $21.30 and $20.80, will act as the last defense of the Silver buyers.<\/p>\n<p>Meanwhile, the XAG\/USD run-up beyond the 200-DMA level of $22.50 and the support-turned-resistance line of around $23.20 could convince the buyers to challenge the monthly high surrounding $24.55, a break of which will push the Silver bears off. the table.<\/p>\n<h2 class=\"fxs_headline_medium\">Silver Price: Daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XAG_USD-23062023-638230831269107289.png\"><\/a><\/p>\n<p>Trend: Limited downside expected<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver Price drops to the lowest levels in three months during five-day losing streak. Clear downside break of previous support line from mid-March, 200-DMA favors XAG\/USD bears. Bearish MACD signals also suggest further downside of the Silver Price but RSI (14) hints at a pullback. A nine-month-old ascending support line appears to be the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,605,246,351,257,255,250,252,247,253,249,671,308,256,254,672],"class_list":["post-112732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-chartpatterns","tag-coin","tag-commodities","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-silver","tag-technical-analysis","tag-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/112732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=112732"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/112732\/revisions"}],"predecessor-version":[{"id":112733,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/112732\/revisions\/112733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4978"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=112732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=112732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=112732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}