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December 23, 2024
PI Global Investments
Silver

Silver (XAG) Daily Forecast: Prices Dips to $29.15 Amid Fed’s Hawkish Shift


Silver (XAG/USD) is currently trading at $29.16, marking a 0.30% increase. The pivot point is $29.08, indicating a crucial level for upcoming movements. Immediate resistance levels are set at $29.81, $30.14, and $30.62. On the downside, support levels are identified at $28.75, $28.37, and $27.99.

The 50-day Exponential Moving Average (EMA) is at $29.93, while the 200-day EMA is at $29.48, both indicating resistance zones. Technical indicators suggest a bearish outlook below $29.85. A break above this level could signal a bullish trend.



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