{"id":306909,"date":"2024-05-22T03:56:16","date_gmt":"2024-05-21T22:26:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=306909"},"modified":"2024-05-22T03:56:16","modified_gmt":"2024-05-21T22:26:16","slug":"xag-usd-edges-up-yet-remains-below-32-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xag-usd-edges-up-yet-remains-below-32-00-crypto-news\/","title":{"rendered":"XAG\/USD edges up yet remains below $32.00 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Silver is up 0.47%, just below Monday&#8217;s eight-year high of $32.51.<\/strong><\/li>\n<li><strong>Strong upward momentum continues; RSI suggests further gains possible despite overbought conditions.<\/strong><\/li>\n<li><strong>Resistance levels at $32.51, $33.00, and October 2012 high of $35.40. <\/strong><\/li>\n<li><strong>Supports at May 20 low of $30.95, April 12 high of $29.79, and $28.00 psychological level.<\/strong><\/li>\n<\/ul>\n<p>Silver&#8217;s price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51. At the time of writing, the XAG\/USD is at $31.96 after hitting a daily low of $31.80.<\/p>\n<h2 class=\"fxs_headline_medium\">XAG\/USD Price Analysis: Technical outlook<\/h2>\n<p>The grey metal remains upward biased even though it failed to crack the year-to-date (YTD) high of $32.51. Although the Relative Strength Index (RSI) is overbought, momentum is on the side of the buyers. Due to the uptrend&#8217;s strength and speed, RSI remains shy of reaching overbought levels under strong trending conditions. In a strong uptrend, the RSI is considered overbought at 80.00.<\/p>\n<p>With that said, if XAG\/USD clears $32.51, further upside is seen as Silver\u2019s next resistance emerges at $33.00. A breach of the latter could expose October\u2019s 2012 high of $35.40.<\/p>\n<p>Conversely, if <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\" data-fxs-autoanchor=\"\">Silver<\/a> drops below the May 20 daily low of $30.95, further losses lie ahead. The next demand zone would be the April 12 high of $29.79, followed by the psychological figure of $28.00.<\/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-638519248432601690.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver is up 0.47%, just below Monday&#8217;s eight-year high of $32.51. Strong upward momentum continues; RSI suggests further gains possible despite overbought conditions. Resistance levels at $32.51, $33.00, and October 2012 high of $35.40. Supports at May 20 low of $30.95, April 12 high of $29.79, and $28.00 psychological level. Silver&#8217;s price advanced 0.47% on [&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":[201,248,251,246,257,255,250,350,252,247,253,249,671,256,254,672],"class_list":["post-306909","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-wallet","tag-wordpress","tag-xagusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306909","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=306909"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306909\/revisions"}],"predecessor-version":[{"id":306913,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/306909\/revisions\/306913"}],"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=306909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=306909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=306909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}