XAG/USD finds buyers at 21-DMA, regains $27 mark. The rally resumes as daily technical setup remains constructive. Acceptance above $27.70 key resistance is critical for XAG bulls. Silver (XAG/USD) has resumed its bullish momentum, extending Thursday’s rally above the $27 mark to reach fresh three-week highs. The XAG bulls regain poise after finding solid support at the 21-daily moving average (DMA) at $25.88. In a fresh spurt of buying, the white metal took out Thursday’s high at $29.97, as its journey towards the horizontal trendline resistance (orange) at $27.70 comes to life once again. Silver Price Chart: Daily The buyers need to find a strong foothold to extend the upside towards the record highs of $29.86. The Relative Strength Index (RSI) has turned flat but holds well within the bullish region, suggesting that there is more room to the upside. On the flip side, acceptance above the 21-DMA could expose the critical 50-DMA support at $25.19, below which the 100-DMA cap at $24.82 could be challenged. Silver Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s Makhlouf: Rate cut not warranted right now, keeping a very close eye on euro strength FX Street 1 year XAG/USD finds buyers at 21-DMA, regains $27 mark. The rally resumes as daily technical setup remains constructive. Acceptance above $27.70 key resistance is critical for XAG bulls. Silver (XAG/USD) has resumed its bullish momentum, extending Thursday’s rally above the $27 mark to reach fresh three-week highs. The XAG bulls regain poise after finding solid support at the 21-daily moving average (DMA) at $25.88. In a fresh spurt of buying, the white metal took out Thursday’s high at $29.97, as its journey towards the horizontal trendline resistance (orange) at $27.70 comes to life once again. Silver Price Chart: Daily The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
