{"id":139587,"date":"2023-09-02T01:18:31","date_gmt":"2023-09-01T19:48:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139587"},"modified":"2023-09-02T01:18:31","modified_gmt":"2023-09-01T19:48:31","slug":"xag-usd-glimmers-amid-falling-us-bond-yields-hovers-around-22-70s-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-glimmers-amid-falling-us-bond-yields-hovers-around-22-70s-crypto-news\/","title":{"rendered":"XAG\/USD glimmers amid falling US bond yields, hovers around $22.70s &#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 edges up 0.07% on Friday, buoyed by a dip in US Treasury bond yields and a mixed market sentiment.<\/strong><\/li>\n<li><strong>Technicals suggest XAG\/USD\u2019s struggle near the weekly highs of $23.00, with the 200-day DMA acting as a key barrier.<\/strong><\/li>\n<li><strong>Immediate resistance lies at the downslope trendline, with potential targets at $22.80 and pivotal $23.00 per ounce.<\/strong><\/li>\n<\/ul>\n<p>Silver price recovers some bright towards the end of the week, climbing 0.07% on Friday, underpinned by US Treasury bond yields falling, while the Greenback trims its weekly gains. Mixed sentiment surrounding the financial markets was another reason for the non-yielding metal to climb in the session, The XAG\/USD is trading at $22.74 after hitting a daily low of $22.64.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Analysis: Technical outlook<\/h2>\n<p>Although XAG\/USD would finish the week with gains, price action offered sellers a better entry price on Thursday, particularly for traders entering nearby the weekly highs of $23.00. Buyers\u2019 failure to extend its gains, and reclaim the 200-day Moving Average (DMA) at $23.29, keeps the white metal exposed to selling pressure.<\/p>\n<p>From an intraday perspective, the XAG\/USD remains trading sideways, slightly tilted upwards, with upside risks remaining, as XAG\/USD is testing a downslope resistance trendline. A breach of the latter will expose the $22.80 price level, followed by the confluence of the weekly high and Friday\u2019s R1 daily pivot at around $23.00 per ounce.<\/p>\n<p>A decisive break would expose the June 15 daily low turned resistance at $23.22, ahead of testing the June 8 low at $23.42.<\/p>\n<h3 class=\"fxs_headline_medium\">XAG\/USD Price Action \u2013 Hourly chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638279858340647166.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver price edges up 0.07% on Friday, buoyed by a dip in US Treasury bond yields and a mixed market sentiment. Technicals suggest XAG\/USD\u2019s struggle near the weekly highs of $23.00, with the 200-day DMA acting as a key barrier. Immediate resistance lies at the downslope trendline, with potential targets at $22.80 and pivotal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,350,252,247,253,249,671,256,254,672],"class_list":["post-139587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-metals","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-silver","tag-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139587","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=139587"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139587\/revisions"}],"predecessor-version":[{"id":139588,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139587\/revisions\/139588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19990"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}