{"id":230693,"date":"2024-01-17T04:24:52","date_gmt":"2024-01-16T22:54:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=230693"},"modified":"2024-01-17T04:24:52","modified_gmt":"2024-01-16T22:54:52","slug":"xag-usd-dips-below-23-00-on-high-us-yields-as-evening-star-emerges-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-dips-below-23-00-on-high-us-yields-as-evening-star-emerges-crypto-news\/","title":{"rendered":"XAG\/USD dips below $23.00 on high US yields, as evening-star emerges &#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 falls 1% influenced by surging US Treasury yields and Fed&#8217;s resistance to a March rate cut.<\/strong><\/li>\n<li><strong>Technical analysis shows XAG\/USD with a neutral to downward bias; key support at $22.48, and $22.00.<\/strong><\/li>\n<li><strong>Potential rebound above $23.00 could challenge the 100-day DMA at $23.23, with further targets at $23.58\/66 and the $24.00 level.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\">Silver<\/a> price slumps below $23.00 a troy ounce, down 1% on the day, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/us-treasury-yields-climb-amid-central-bank-policymakers-speeches-202401161921\">US Treasury yields soar <\/a>due to Federal Reserve (Fed) officials pushing back against a March rate cut. Consequently, the non-yielding metal has dropped and printed a two-day low at around $22.86.<\/p>\n<p>From a technical standpoint, XAG\/USD is neutral to downward biased, though the grey metal hasn\u2019t been able to drop below the January 11 daily low of $22.48, which could pave the way for further downside. The formation of an \u2018evening star\u2019 exacerbated Silver\u2019s fall, with the next support level seen as the $22.00 figure, followed by the November 13 swing low of $21.88.<\/p>\n<p>On the other hand, if XAG\/USD\u2019s buyers lift prices above $23.00, they could threaten to challenge the 100-day moving average (DMA) at $23.23. Further upside is seen at the confluence of the 200 and 50-day moving averages (DMAs) at $23.58\/66, before testing the $24.00 threshold.<\/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-638410324293197494.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: Silver falls 1% influenced by surging US Treasury yields and Fed&#8217;s resistance to a March rate cut. Technical analysis shows XAG\/USD with a neutral to downward bias; key support at $22.48, and $22.00. Potential rebound above $23.00 could challenge the 100-day DMA at $23.23, with further targets at $23.58\/66 and the $24.00 level. Silver [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20827,"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-230693","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\/230693","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=230693"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/230693\/revisions"}],"predecessor-version":[{"id":230694,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/230693\/revisions\/230694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/20827"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=230693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=230693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=230693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}