{"id":275923,"date":"2024-04-02T14:28:58","date_gmt":"2024-04-02T08:58:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=275923"},"modified":"2024-04-02T14:28:58","modified_gmt":"2024-04-02T08:58:58","slug":"xag-usd-jumps-back-closer-to-ytd-top-seems-poised-to-climb-further-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-jumps-back-closer-to-ytd-top-seems-poised-to-climb-further-crypto-news\/","title":{"rendered":"XAG\/USD jumps back closer to YTD top, seems poised to climb further &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Silver scales higher for the fourth straight day and spikes to a one-and-half-week high.<\/strong><\/li>\n<li><strong>The technical setup favours bullish traders and supports prospects for additional gains.<\/strong><\/li>\n<li><strong>Any meaningful corrective decline is likely to find decent support near the $25.00 mark.<\/strong><\/li>\n<\/ul>\n<p>Silver (XAG\/USD) gains positive traction for the fourth straight day on Tuesday and climbs further beyond mid-$25.00s during the first half of the European session, back closer to the YTD peak touched last week.<\/p>\n<p>From a technical perspective, the recent bounce from the $24.35 resistance-turned-support zone and a subsequent strong move up favours bullish traders. Moreover, oscillators on the daily <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> are holding in the positive territory and are still far from being in the overbought zone, suggesting that the path of least resistance for the XAG\/USD is to the upside.<\/p>\n<p>Hence, some follow-through strength towards testing the December 2023 swing high, just ahead of the $26.00 round figure, looks like a distinct possibility. Some follow-through buying would mark a fresh breakout and allow the XAG\/USD to resume its recent strong upward trajectory witnessed since late February.<\/p>\n<p>On the flip side, any meaningful corrective decline is more likely to attract fresh buyers near the $25.00 psychological mark. The next relevant support is pegged near the $24.65 region. A convincing break below the latter could drag the XAG\/USD towards the aforementioned resistance-turned-support, around the $24.35 zone, which should act as a key pivotal point.<\/p>\n<p>Some follow-through selling might shift the bias in favour of bearish traders and make the XAG\/USD vulnerable to accelerate the decline further towards the $24.15-$24.10 region. The white metal could eventually weaken below the $24.00 round-figure mark, towards the 50-day Simple Moving Average (SMA), currently pegged near the $23.60 zone.<\/p>\n<h2 class=\"fxs_headline_medium\">Silver daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_XAG_USD_2024-04-02_14-21-42-638476447367472165.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver scales higher for the fourth straight day and spikes to a one-and-half-week high. The technical setup favours bullish traders and supports prospects for additional gains. Any meaningful corrective decline is likely to find decent support near the $25.00 mark. Silver (XAG\/USD) gains positive traction for the fourth straight day on Tuesday and climbs further [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,351,257,255,250,252,247,253,249,671,308,256,254,672],"class_list":["post-275923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-gta","tag-looks-rare","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\/275923","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=275923"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275923\/revisions"}],"predecessor-version":[{"id":275924,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275923\/revisions\/275924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4978"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}