{"id":200135,"date":"2023-11-25T00:24:04","date_gmt":"2023-11-24T18:54:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=200135"},"modified":"2023-11-25T00:24:04","modified_gmt":"2023-11-24T18:54:04","slug":"silver-sees-late-jump-on-friday-touches-12-week-high-at-24-30-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/silver-sees-late-jump-on-friday-touches-12-week-high-at-24-30-crypto-news\/","title":{"rendered":"Silver sees late jump on Friday, touches 12-week high at $24.30 &#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>Spot Silver is surging late on Friday, tests 12-week high.<\/strong><\/li>\n<li><strong>XAG\/USD pings $24.30 as Silver rebounds, following broad-market risk sentiment higher.<\/strong><\/li>\n<li><strong>Metals are pushing higher with the NY market set for an early close.<\/strong><\/li>\n<\/ul>\n<p>XAG\/USD tapped $24.30 in the back half of Friday&#8217;s trading, testing Silver&#8217;s highest bids in almost 12 weeks. Market sentiment is testing higher heading into the trading week&#8217;s close, and markets are set to see an early drop in trading volumes.<\/p>\n<p>Wall Street will be going dark a little bit early today, with US markets slated to shut down at 13:00 EST.<\/p>\n<p>Volumes and overall price momentum, already thin on Fridays, is expected to dry up a little bit earlier than usual <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">this week<\/a>.<\/p>\n<p>Silver is getting bid out of a recent near-term consolidation range, and has gained almost 18% despite seeing an overall downtrend in 2023.<\/p>\n<p>Friday&#8217;s late bump in the XAG\/USD sees Spot Silver trading into overall positive territory for the year since declining from September&#8217;s peak at $25.00.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Technical Outlook<\/h2>\n<p>Friday&#8217;s surge back over $24.20 sees XAG\/USD making a break of a descending trendline from May&#8217;s\u00a0peaks above $26.00, and Silver is making a break away from the 200-day Simple Moving Average (SMA) near $23.25.<\/p>\n<p>The 50-day SMA is rotating into a bullish stance from $22.75, and a bullish crossover of the longer moving average could see technical support firm up for a longer-term move higher in the bids.<\/p>\n<p>Should bearish price momentum return to the fold, a downside break of $23.50 will harden the descending trendline and set up <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> bears for a fresh run at the last swing low into the $22.00 handle.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Daily Chart<\/h2>\n<\/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: Spot Silver is surging late on Friday, tests 12-week high. XAG\/USD pings $24.30 as Silver rebounds, following broad-market risk sentiment higher. Metals are pushing higher with the NY market set for an early close. XAG\/USD tapped $24.30 in the back half of Friday&#8217;s trading, testing Silver&#8217;s highest bids in almost 12 weeks. Market sentiment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10382,"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-200135","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\/200135","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=200135"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/200135\/revisions"}],"predecessor-version":[{"id":200136,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/200135\/revisions\/200136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10382"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=200135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=200135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=200135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}