{"id":297617,"date":"2024-05-08T04:54:45","date_gmt":"2024-05-07T23:24:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=297617"},"modified":"2024-05-08T04:54:45","modified_gmt":"2024-05-07T23:24:45","slug":"xag-usd-retreats-amid-strong-us-dollar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-retreats-amid-strong-us-dollar-crypto-news\/","title":{"rendered":"XAG\/USD retreats amid strong US Dollar &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Silver drops in late trading, impacted by a strong US Dollar and falling Treasury yields.<\/strong><\/li>\n<li><strong>Remains technically bullish, trading within key Fibonacci levels from $24.33 to $29.78.<\/strong><\/li>\n<li><strong>Resistance at $27.70, support at $27.05; market trends could push price to $28.00 or below $27.00.<\/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 slid late in the North American session due to overall US Dollar strength across the board amid falling US Treasury yields. Despite that, the XAG\/USD trades at $27.23, down 0.71%.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Analysis: Technical outlook<\/h2>\n<p>The grey metal remains upward-biased despite retreating toward the $27.20 area on Tuesday. It should be said that XAG\/USD is still trading within the 50% and 38.2% Fibonacci retracements, drawn from the latest cycle low and high, each at $24.33 and $29.78, respectively.<\/p>\n<p>If Silver buyers would like to regain control, they must clear the 38.2% Fibo retracement at $27.70. Once surpassed, emerge key resistance levels, like the $28.00 psychological figure, followed by the 23.6% Fibo retracement at $28.49 ahead of $29.00.<\/p>\n<p>On the flip side, if sellers want to push prices lower, they must drag prices below the 50% Fibo retracement at $27.05. Once done, sellers must clear $27.00, followed by the confluence of the May 2 low and the 50-day moving average (DMA) at $26.02\/08.<\/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-638507173942504402.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver drops in late trading, impacted by a strong US Dollar and falling Treasury yields. Remains technically bullish, trading within key Fibonacci levels from $24.33 to $29.78. Resistance at $27.70, support at $27.05; market trends could push price to $28.00 or below $27.00. Silver price slid late in the North American session due to overall [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11552,"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-297617","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\/297617","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=297617"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297617\/revisions"}],"predecessor-version":[{"id":297623,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297617\/revisions\/297623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11552"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}