{"id":158887,"date":"2023-09-20T00:40:20","date_gmt":"2023-09-19T19:10:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158887"},"modified":"2023-09-20T00:40:20","modified_gmt":"2023-09-19T19:10:20","slug":"xag-usd-rejected-by-the-200-day-sma-as-us-yields-recover-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-rejected-by-the-200-day-sma-as-us-yields-recover-crypto-news\/","title":{"rendered":"XAG\/USD rejected by the 200-day SMA as US yields recover &#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>XAG\/USD met resistance at the 200-day SMA near $23.50 and then declined to $23.15\u00a0 \u00a0\u00a0<\/strong><\/li>\n<li><strong>The benchmark US 10-year\u00a0 bond yield threatens multi-year highs.<\/strong><\/li>\n<li><strong>The two-day FOMC meeting kicked off.<\/strong><\/li>\n<\/ul>\n<p>In Tuesday\u2019s session, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver Spot<\/a> price XAG\/USD lost momentum and failed to conquer the 200-day Simple Moving Average. The main reason was that the US Treasury yields, often seen as the opportunity cost of holding non-yielding metals, recovered as markets await Wednesday&#8217;s Federal Reserve (Fed) decision.<\/p>\n<p>\u00a0The 10-year bond yield reached 4.34% and trades near the crucial 4.36% threshold, which, in case of breaking it, would set a multi-year high since 2007. In addition, The 2-year yield stands at 5.08% with a 0.52% increase, while the 5-year yield is at 4.48%, up by 0.31%.<\/p>\n<p>For Wednesday&#8217;s Federal Reserve (Fed) decisions, despite markets anticipating a pause, a hawkish tone given by Chair Powell could boost US yields and apply further pressure on the grey metal. The US economy remains strong, mainly driven by the Services sector, while the US labour market is showing a mixed picture, and as the Fed want to see a cool down to mitigate inflation risks, it will likely leave the door open for one last hike.\u00a0\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Levels to watch\u00a0<\/h2>\n<p>\u00a0The technical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/analysis\">analysis<\/a> of the daily chart suggests a neutral to bearish stance for XAG\/USD as the bears work on staging a recovery. With a downward trend below its midline, the Relative Strength Index (RSI) suggests that the bear\u2019s momentum is strengthening, while the Moving Average Convergence (MACD) exhibits stagnant red bars. Moreover, the pair is below the 20,100 and 200-day Simple Moving Averages (SMAs), implying that the bears retain control on a broader scale,\u00a0 leaving the buyers vulnerable.<\/p>\n<p>\u00a0Support levels: $23.00, $22.80, $22.50\u00a0<\/p>\n<p>\u00a0Resistance levels: $23.50 &#8211; 70 (200, 20 and 100-day SMA convergence),$24.00, $24.30<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Daily Chart<\/h2>\n<p>\u00a0<\/p>\n<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: XAG\/USD met resistance at the 200-day SMA near $23.50 and then declined to $23.15\u00a0 \u00a0\u00a0 The benchmark US 10-year\u00a0 bond yield threatens multi-year highs. The two-day FOMC meeting kicked off. In Tuesday\u2019s session, the Silver Spot price XAG\/USD lost momentum and failed to conquer the 200-day Simple Moving Average. The main reason was that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11552,"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-158887","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\/158887","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=158887"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158887\/revisions"}],"predecessor-version":[{"id":158888,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158887\/revisions\/158888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11552"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}