{"id":167007,"date":"2023-10-03T03:47:10","date_gmt":"2023-10-02T22:17:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167007"},"modified":"2023-10-03T03:47:10","modified_gmt":"2023-10-02T22:17:10","slug":"xag-usd-pillorying-continues-silver-extends-decline-over-11-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-pillorying-continues-silver-extends-decline-over-11-crypto-news\/","title":{"rendered":"XAG\/USD pillorying continues, Silver extends decline over 11% &#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 continues its downside tumble on Monday, shedding value and slumping back into $21.00.<\/strong><\/li>\n<li><strong>Silver prices peaked at $23.56 last Friday before stumbling as broad-market risk appetite sours.<\/strong><\/li>\n<li><strong>Rising US Treasury yields coupled with a climbing US Dollar sees Silver getting knocked lower.<\/strong><\/li>\n<\/ul>\n<p>The XAG\/USD continues to sag, crashing into the $21.00 handle as Monday see Silver prices extend declines kicked off in Friday&#8217;s broad-market sell-off as investors clamor into the US Dollar in a safe haven bid.<\/p>\n<p>Climbing US Treasury yields are putting pressure on Silver as investors churn on rising expectations of a global recession, coupled with market jitters stemming from the US government&#8217;s recent budget standoff, where government officials brought the US to the eleventh hour on funding agreements and threatened to spark the fourth US government shutdown in a decade.<\/p>\n<p>The US was able to secure itself a last-minute funding deal, but the temporary measure is set to run out of time once again in mid-November, where budget brinkmanship is expected to again rile global markets.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/forex-today-us-dollar-shows-its-strength-rba-to-keep-rates-unchanged-202310022051\">Forex Today: US Dollar shows its strength, RBA to keep rates unchanged<\/a><\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD technical outlook<\/h2>\n<p>Hourly candles show Silver essentially in freefall in the near-term, with the XAG\/USD down over 11% from Friday&#8217;s peak at $23.56, and intraday action has pulled the bids far away from the 200-hour Simple Moving Average (SMA) currently turning bearish into $22.80.<\/p>\n<p>Daily candlesticks are not fairing much better, with the XAG\/USD failing to catch any meaningful bullish momentum from the bottom of the previous consolidation range, and dropping further into new seven-month lows.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> is now down over 12% for 2023, and further bearish momentum will see the XAG\/USD even further underwater and set to claim new lows for 2023 below March&#8217;s bottom near $19.90.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD hourly chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD daily chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XAG_USDD-638318800896422856.png\" style=\"width: 898px;height: 729px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD technical levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: XAG\/USD continues its downside tumble on Monday, shedding value and slumping back into $21.00. Silver prices peaked at $23.56 last Friday before stumbling as broad-market risk appetite sours. Rising US Treasury yields coupled with a climbing US Dollar sees Silver getting knocked lower. The XAG\/USD continues to sag, crashing into the $21.00 handle as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":46649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,350,252,247,253,249,256,254,672],"class_list":["post-167007","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-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167007","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=167007"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167007\/revisions"}],"predecessor-version":[{"id":167009,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167007\/revisions\/167009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/46649"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}