{"id":224504,"date":"2024-01-06T01:50:21","date_gmt":"2024-01-05T20:20:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=224504"},"modified":"2024-01-06T01:50:21","modified_gmt":"2024-01-05T20:20:21","slug":"xag-usd-sees-modest-uptick-amid-mixed-us-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-sees-modest-uptick-amid-mixed-us-data-crypto-news\/","title":{"rendered":"XAG\/USD sees modest uptick amid mixed US data &#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>Silver advances 0.63% to $23.12, reacting to US employment strength and factory orders, countered by slowing business activity.<\/strong><\/li>\n<li><strong>XAG\/USD&#8217;s potential bullish push towards $24.00 contingent on reclaiming the 100-DMA at $23.30.<\/strong><\/li>\n<li><strong>Downside risks loom if Silver falls below $23.00, with targets at January 4 low of $22.69 and December 13 low of $22.51.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> price edged higher on Friday, though it retreated after hitting a two-day high of $23.51 after the release of mixed data from the US. A stronger-than-expected jobs report and a jump in factory orders suggest the economy remains robust. Nevertheless, business activity slowed sharply, approaching recessionary levels. At the time of writing, XAG\/USD is trading at $23.12, gaining 0.63%.<\/p>\n<p>The XAG\/USD daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> portrays the grey metal as neutral-biased. The 50, 100, and 200-day moving averages (DMAs) are flat, suggesting there\u2019s indecision among traders. If buyers reclaim the 100-DMA at $23.30, that could pave the way for challenging the confluence of the 50 and 200-DMAs around $23.65. A decisive break would expose the $24.00 figure.<\/p>\n<p>On the other hand, if XAG\/USD sellers step in and drag prices from around current levels below $23.00, that would exacerbate a test of the January 4 low of $22.69. Once surpassed, sellers could challenge December\u2019s 13 low of $22.51.<\/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-638400775904281072.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Key Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver advances 0.63% to $23.12, reacting to US employment strength and factory orders, countered by slowing business activity. XAG\/USD&#8217;s potential bullish push towards $24.00 contingent on reclaiming the 100-DMA at $23.30. Downside risks loom if Silver falls below $23.00, with targets at January 4 low of $22.69 and December 13 low of $22.51. Silver [&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":[201,248,251,246,257,255,250,350,252,247,253,249,671,308,256,254,672],"class_list":["post-224504","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\/224504","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=224504"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224504\/revisions"}],"predecessor-version":[{"id":224505,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224504\/revisions\/224505"}],"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=224504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=224504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=224504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}