{"id":219855,"date":"2023-12-28T03:13:21","date_gmt":"2023-12-27T21:43:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=219855"},"modified":"2023-12-28T03:13:21","modified_gmt":"2023-12-27T21:43:21","slug":"silver-lurches-higher-as-markets-wrap-up-2023-xag-usd-rebounds-from-24-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/silver-lurches-higher-as-markets-wrap-up-2023-xag-usd-rebounds-from-24-00-crypto-news\/","title":{"rendered":"Silver lurches higher as markets wrap up 2023, XAG\/USD rebounds from $24.00 &#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 caught a bounce from $24.00 to retest $24.40.<\/strong><\/li>\n<li><strong>Silver markets are churning as investors weigh Fed rate cut odds.<\/strong><\/li>\n<li><strong>Despite the bullish lean, Silver remains capped below $24.60.<\/strong><\/li>\n<\/ul>\n<p>XAG\/USD caught a broad-market <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk appetite<\/a> surge on Wednesday as investors continue to lean heavily into bets that the Federal Reserve (Fed) will start cutting interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> in 2024, with some expecting the first cuts to begin as soon as March of next year.<\/p>\n<h2 class=\"fxs_headline_medium\">Silver up on broad-market sentiment shift, but remains weighed down, gains limited<\/h2>\n<p>Spot Silver is leaning notably bullish as markets wrap up 2023 with a thin, shortened post-holiday trading week, keeping XAG\/USD pinned into a familiar but rough near-term range, caught between $24.00 and $24.60.<\/p>\n<p>US Treasury yields are easing back and the US Dollar is slumping further as investors pile into Fed rate cut bets, with the US 2-year Treasury yield slipping to 4.26% after starting Wednesday near 4.3%. As investors ramp up risk bids on rate cut expectations, the 2-year Treasury yield has fallen to its lowest level since May of this year, but Silver is seeing only limited knock-on bidding from broad-market risk flows.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Technical Outlook<\/h2>\n<p>Spot Silver caught a batch of bids back into the $24.40 region after seeing a sloppy bounce from the 200-hour Simple Moving Average (SMA) near $24.10, and XAG\/USD is now caught into familiar congestion points that have plagued Spot Silver markets in the near-term.<\/p>\n<p>XAG\/USD has spent most of the year trapped in a rough cyclical pattern, circling the 200-day SMA near $23.50 as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> struggles to capitalize meaningfully on broad-market Greenback bearishness.<\/p>\n<p>The outlook heading into 2024 is leaning cautiously bullish as the 50-day SMA gears up for a bullish cross of the 200-day SMA, which could provide technical support for any pullbacks, but topside momentum remains limited and could pose a risk for any overextended long buildups.<\/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_USD-638392957034990917.png\" style=\"width: 963px;height: 839px\" \/><\/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 caught a bounce from $24.00 to retest $24.40. Silver markets are churning as investors weigh Fed rate cut odds. Despite the bullish lean, Silver remains capped below $24.60. XAG\/USD caught a broad-market risk appetite surge on Wednesday as investors continue to lean heavily into bets that the Federal Reserve (Fed) will start cutting [&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-219855","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\/219855","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=219855"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219855\/revisions"}],"predecessor-version":[{"id":219857,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219855\/revisions\/219857"}],"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=219855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=219855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=219855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}