{"id":209212,"date":"2023-12-09T03:06:42","date_gmt":"2023-12-08T21:36:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=209212"},"modified":"2023-12-09T03:06:42","modified_gmt":"2023-12-08T21:36:42","slug":"xag-usd-tanks-over-3-breaks-key-support-levels-as-bears-eye-23-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-tanks-over-3-breaks-key-support-levels-as-bears-eye-23-00-crypto-news\/","title":{"rendered":"XAG\/USD tanks over 3%, breaks key support levels as bears eye $23.00 &#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 confirms a downtrend by breaking below 200, 100, and 50-day moving averages.<\/strong><\/li>\n<li><strong>Downtrend signals potential testing of November 13 swing low at $21.88 unless buyers intervene to lift the spot price.<\/strong><\/li>\n<li><strong>On the upside, buyers must reclaim $23.00 to challenge and surpass broken DMAs, potentially targeting $24.00.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> price is collapsing more than 3% in the day, breaking key support levels on its way south, set to finish the week with losses of more than 9.50%. At the time of writing, XAG\/USD is trading at $22.97 after hitting a daily high of $23.89.<\/p>\n<p>XAG\/USD\u2019s daily chart confirms the grey metal\u2019s downtrend after breaching the 200, 100, and 50-day moving averages (DMAs), each at $23,49, $23.24, and $23.06. That said unless buyers lift the spot price, that would set the stage for a test of the November 13 swing low of $21.88.<\/p>\n<p>Firstly, XAG\/USD sellers must drag prices below a support trendline that passes at around $22.69. Once cleared, the next stop would be $22.00, ahead of the November 13 daily low mentioned above.<\/p>\n<p>Conversely, if Silver buyers reclaim the $23.00 figure, that could pave the way for reclaiming each DMA previously broken. Once those levels are cleared, up next would bet the $24.00 mark.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Analysis \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638376594435908712.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: XAG\/USD confirms a downtrend by breaking below 200, 100, and 50-day moving averages. Downtrend signals potential testing of November 13 swing low at $21.88 unless buyers intervene to lift the spot price. On the upside, buyers must reclaim $23.00 to challenge and surpass broken DMAs, potentially targeting $24.00. Silver price is collapsing more than [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8874,"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-209212","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\/209212","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=209212"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/209212\/revisions"}],"predecessor-version":[{"id":209213,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/209212\/revisions\/209213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8874"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=209212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=209212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=209212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}