XAG/USD unable to consolidate above 26.00 after hitting fresh daily highs. Price moves sideways on Tuesday, unable to resume the upside and downside limited. Silver and gold bounced off daily low and turned positive for the day during the American session. The recovery of the US dollar lost momentum and favored the rebound. Also, the decline in US yields helped the price of metals. Gold has been a stronger performer than silver over the last hours. The deterioration in market sentiments weighed more on XAG rather than XAU that is benefiting from lower yields. XAG/USD bottomed during the European session at $25.68 and then bounced to the upside. During the last hour, it climbed to as highs at $26.08 but it was unable to hold above $26.00 and pulled back to $25.80. As of writing, it is hovering around 25.90, moving sideways, unable to consolidate under 25.80 or above 26.05. If silver breaks clearly above 26.10, it could rise to test last week’s highs around 26.30. On the flip side, a consolidation under 25.75 would increase the bearish pressure, initially for a test of 25.60. Below the next support is at 25.30. Technical 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 GBP/JPY Price Analysis: Upside ends abruptly, tests key short-term support FX Street 2 years XAG/USD unable to consolidate above 26.00 after hitting fresh daily highs. Price moves sideways on Tuesday, unable to resume the upside and downside limited. Silver and gold bounced off daily low and turned positive for the day during the American session. The recovery of the US dollar lost momentum and favored the rebound. Also, the decline in US yields helped the price of metals. Gold has been a stronger performer than silver over the last hours. The deterioration in market sentiments weighed more on XAG rather than XAU that is benefiting from lower yields. XAG/USD bottomed during the European session… 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.
