<\/p>\n
Silver<\/a> (XAG\/USD) corrects back after peaking at the $32.51 high of May 19. It is close to a major support level at $30.00, the top of a four-year consolidation range.\u00a0<\/p>\n Despite the correction, the short-term trend is still probably bullish, which given the saying \u201cthe trend is your friend\u201d favors long positions over shorts.\u00a0<\/p>\n If Silver pulls back any lower it will probably find support at the $30.00 level of the former range highs. From there it is likely to rebound and resume its uptrend, probably climbing back up to retouch the $32.51 high, then possibly surpassing it. However, there are no signs yet from price action that this is happening.\u00a0<\/p>\n It would require a decisive break below the $30.00 level to bring into doubt the dominant uptrend.<\/p>\n A decisive break would be one accompanied by a long red candlestick that closed near its lows or three red candlesticks in a row.\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Silver has corrected back to key support near $30.00.\u00a0 It will probably steady and resume its uptrend in time.\u00a0 A decisive break below the $30.00 level would reverse the trend and usher in more bearishness.\u00a0 Silver (XAG\/USD) corrects back after peaking at the $32.51 high of May 19. It is close to a major support […]<\/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":[201,248,251,246,257,255,250,252,247,253,249,671,308,256,254,672],"class_list":["post-309114","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-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\/309114","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=309114"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/309114\/revisions"}],"predecessor-version":[{"id":309117,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/309114\/revisions\/309117"}],"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=309114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=309114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=309114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Silver 4-hour Chart\u00a0<\/h3>\n
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