{"id":260947,"date":"2024-03-07T23:32:25","date_gmt":"2024-03-07T18:02:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=260947"},"modified":"2024-03-07T23:32:25","modified_gmt":"2024-03-07T18:02:25","slug":"xag-usd-shines-above-24-00-fueled-by-soft-us-dollar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-shines-above-24-00-fueled-by-soft-us-dollar-crypto-news\/","title":{"rendered":"XAG\/USD shines above $24.00 fueled by soft US Dollar &#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&#8217;s nearly 1% gain drives it to around $24.40, as market bets on a June Federal Reserve rate cut.<\/strong><\/li>\n<li><strong>Technical indicators bullish as silver surpasses 50, 100, and 200-day DMAs, eyeing December highs.<\/strong><\/li>\n<li><strong>Despite bullish trend, potential pullback risks exist if silver dips below $24.50, with supports at $24.00 and $23.57.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\" data-fxs-autoanchor=\"\">Silver<\/a> price advances during Thursday\u2019s session, gains almost 1% and stays above the $24.00 figure as investors expect a rate cut by the Federal Reserve in June. Therefore, XAG\/USD exchanges hands at $24.40.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Analysis: Technical outlook<\/h2>\n<p>After bottoming at around $22.50, the grey metal extended its gains due to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\" data-fxs-autoanchor=\"\">fundamental news<\/a>. That opened the door to clear key resistance levels seen at the 50, 100, and 200-day moving averages (DMAs). If buyers push prices above the December 28 high of $24.48, look for a leg-up toward the December 22 peak at $24.60, ahead of the $25.00 psychological figure.<\/p>\n<p>On a bearish scenario, the less likely as Relative Strength Index (RSI) studies show bullish momentum, XAG\/USD\u2019s daily close below $24.50, could sponsor a pullback. The first support would be the $24.00, followed by the March 6 low of $23.57,<\/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-638454299833265345.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Silver&#8217;s nearly 1% gain drives it to around $24.40, as market bets on a June Federal Reserve rate cut. Technical indicators bullish as silver surpasses 50, 100, and 200-day DMAs, eyeing December highs. Despite bullish trend, potential pullback risks exist if silver dips below $24.50, with supports at $24.00 and $23.57. Silver price advances [&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-260947","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\/260947","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=260947"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260947\/revisions"}],"predecessor-version":[{"id":260948,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260947\/revisions\/260948"}],"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=260947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}