Silver Price Analysis: XAG/USD approaches $22.10-15 resistance area
22.05.2022, 23:10

Silver Price Analysis: XAG/USD approaches $22.10-15 resistance area

  • Silver extend recovery from two-year low towards three-week-old horizontal hurdle.
  • 21-DMA adds strength to the upside filter, 10-DMA restricts pullback moves.
  • RSI rebound, a clear break of descending trend line from April underpin bullish bias.

Silver (XAG/USD) picks up bids to $21.85 as buyers reverse the week-start pullback, justifying the previous week’s breakout of crucial hurdles. Also keeping the metal buyers hopeful is the gradual recovery in the RSI as prices rebound during Monday’s Asian session.

It’s worth noting, however, that a confluence of the 21-DMA and horizontal area comprising multiple highs marked since early May, around $22.10-15, appears a tough nut to crack for the bulls.

In a case where XAG/USD rises past $22.15, the odds favoring further upside towards the monthly high of $23.28 can’t be ruled out. During the rise, the $23.00 threshold can act as a buffer.

Should silver buyers manage to cross the monthly peak, the early April swing low near $24.15 will be on their radars.

On the contrary, pullback moves remain elusive beyond the 10-DMA level of $21.54.

Even if the quote drops below the 10-DMA, the $21.00 round figure and the $20.00 psychological magnet will be crucial challenges for the XAG/USD bears before prospering further.

Silver: Daily chart

Trend: Further upside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik