{"id":177507,"date":"2023-10-20T02:11:08","date_gmt":"2023-10-19T20:41:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177507"},"modified":"2023-10-20T02:11:08","modified_gmt":"2023-10-19T20:41:08","slug":"xag-usd-climbs-targeting-200-dma-as-powells-comments-lift-precious-metals-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-climbs-targeting-200-dma-as-powells-comments-lift-precious-metals-crypto-news\/","title":{"rendered":"XAG\/USD climbs, targeting 200-DMA as Powell\u2019s comments lift precious metals &#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>Daily chart shows Silver as bearish-biased, remaining below the 200-DMA at $23.31.<\/strong><\/li>\n<li><strong>A breach of the 200-DMA at $23.31 could open the door for further upside, with potential targets at $23.72 and $24.00.<\/strong><\/li>\n<li><strong>If XAG\/USD slides below $23.00, it could drop toward the 50-DMA at $22.90, followed by $22.37 and the 20-day EMA at $22.20.<\/strong><\/li>\n<\/ul>\n<p>Silver price (XAG\/USD) climbed from around two-day lows of $ 22.60 and targeted the 200-day moving average (DMA) on Thursday after comments from the US Federal Reserve (Fed) Chair Jerome <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/powell-speech-preview-fed-chairman-to-speak-on-policy-outlook-202310191009\">Powell<\/a> impacted the odds for another rate hike in the futures market. Hence, XAG\/USD advanced, and trades at around $22.95, gaining 0.50%.<\/p>\n<p>The XAG\/USD daily chart portrays the grey metal as bearish-biased, as it remains below the 200-DMA at $23.31, which capped the October 18 rally towards the $24.00 figure. In doing that, Silver registered a daily close below the 50-DMA at $22.90, keeping sellers in charge.<\/p>\n<p>However, dovish remarks from Powell lifted XAG\/USD above the $23.00 figure, opening the door for further upside, with the 200-DMA at sight at $23.31. A breach of the latter would open the door to challenge the top of the Bollinger Band at $23.72 before testing $24.00.<\/p>\n<p>Conversely, if <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver Spot<\/a> slides below $23.00, that would pave the way to test the 50-DMA at $22.90, followed by intermediate support at $22.37. Once cleared, the next stop would be the 20-day EMA at $22.20.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Action \u2013 Daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638333417765062389.png\"><\/a><\/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: Daily chart shows Silver as bearish-biased, remaining below the 200-DMA at $23.31. A breach of the 200-DMA at $23.31 could open the door for further upside, with potential targets at $23.72 and $24.00. If XAG\/USD slides below $23.00, it could drop toward the 50-DMA at $22.90, followed by $22.37 and the 20-day EMA at [&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":[201,248,251,246,257,255,250,350,252,247,253,249,671,308,256,254,672],"class_list":["post-177507","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-technical-analysis","tag-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177507","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=177507"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177507\/revisions"}],"predecessor-version":[{"id":177508,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177507\/revisions\/177508"}],"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=177507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}