XAG/USD surges and clears 100-day SMA and $75
The post XAG/USD surges and clears 100-day SMA and $75 appeared on BitcoinEthereumNews.com.
Silver prices rebounded, surging sharply more than 7% as Oil prices took a hit, which pushed the Greenback lower due to its close positive correlation. Also, falling US Treasury yields are driving the white metal higher, up to $75.00 by March’s end. XAG/USD Price Analysis: Technical Outlook On Monday, I wrote that “The bias in the short term is slightly bearish, with XAG/USD capped on the upside by the 100-day SMA at $74.11.” At the time of writing, Silver prices cleared the latter and were on their way north, clearing the $75.00 figure. Worth noting that the Relative Strength Index (RSI) remains bearish. Still, buyers are driving the RSI toward its neutral level, while XAG/USD has surpassed the latest higher high. For a bullish continuation, XAG/USD must clear the 20-day SMA at 77.32, followed by the $80.00 figure. A clear break opens the door to challenge the 50-day SMA at $84.03. Conversely, if Silver slips below the 100-day SMA, the next support would be at $74.00, ahead of the $70.00 milestone. Once cleared, the white metal could dive towards the March 26 daily low of $66.73. XAG/USD Price Chart – Daily XAG/USD Daily Chart Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to…
Filed under: News - @ March 31, 2026 10:27 pm