Silver Price Analysis: XAG/USD justifies bull cross above $22.00 By anilpanchal7 Silver Technical Analysis XAGUSD Commodities ChartPatterns
Bull cross, firmer RSI directs buyers towards 200-SMA hurdle. renews intraday top past $22.00, extending the previous two-day uptrend, as buyers cheer softer US dollar and technical signals to keep the reins during Monday’s sluggish session. remains pressured around the monthly low as traders expect a softening in the Fed’s rate hike trajectory due to the latest US inflation gauge.
Should the quote fails to stay firmer and witnesses a pullback, the 100-SMA around $21.75 can put a floor under the XAG/USD prices. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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