{"id":237186,"date":"2024-01-28T07:10:15","date_gmt":"2024-01-28T01:40:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=237186"},"modified":"2024-01-28T07:10:15","modified_gmt":"2024-01-28T01:40:15","slug":"silver-price-analysis-xag-usd-slips-below-23-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/silver-price-analysis-xag-usd-slips-below-23-00-crypto-news\/","title":{"rendered":"Silver Price Analysis: XAG\/USD slips below $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>Silver prices dip, unable to hold above key $23.00 level, indicating a possible ongoing downtrend.<\/strong><\/li>\n<li><strong>Break below major supports like 200, 50, and 100-day DMAs strengthens bearish outlook for silver.<\/strong><\/li>\n<li><strong>Buyer resistance seen at $23.00 and 100-DMA ($23.15); fall below $22.51 may lead to $22.00, $21.93 supports.<\/strong><\/li>\n<\/ul>\n<p>Silver price retreated late in the North American session after hitting a daily high of $22.97, though buyers&#8217; failure to reclaim the $23.00 exacerbated the grey metal\u2019s fall to current spot prices. Therefore, the XAG\/USD exchanges hands at $22.73, down 0.59%.<\/p>\n<p>After printing three straight positive days, Silver retraced below $23.00, resuming its ongoing downtrend and forming a \u2018bearish after sellers dragged prices below key support levels, like the 200, 50, and 100-day moving averages (DMAs). Even though XAG\/USD is edging low, as a \u2018bearish harami\u2019 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> pattern emerges, it still needs to surpass (again) December\u2019s 13 swing low of $22.51 to challenge the $22.00 figure. The next demand area below that level would be January\u2019s 55 low at $21.93.<\/p>\n<p>On the flip side, buyers are eyeing the $23.00 handle and the 100-DMA at $23.15 as immediate resistance levels in the near term. Once those levels are cleared, the next resistance emerges at the 200-DMA at $23.48.<\/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-638418963308453005.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 prices dip, unable to hold above key $23.00 level, indicating a possible ongoing downtrend. Break below major supports like 200, 50, and 100-day DMAs strengthens bearish outlook for silver. Buyer resistance seen at $23.00 and 100-DMA ($23.15); fall below $22.51 may lead to $22.00, $21.93 supports. Silver price retreated late in the North [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19990,"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-237186","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\/237186","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=237186"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237186\/revisions"}],"predecessor-version":[{"id":237187,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237186\/revisions\/237187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19990"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=237186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=237186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=237186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}