Silver Price News: XAG/USD buyers flirt with $24.80 resistance on bullish options market signals
01.08.2023, 00:13

Silver Price News: XAG/USD buyers flirt with $24.80 resistance on bullish options market signals

Silver Price (XAG/USD) struggles to extend the two-day uptrend near $24.70-75 during early Tuesday in Asia. In doing so, the bright metal jostles with bullish options market signals and the firmer US Dollar, as well as the technical barrier, amid sluggish trading hours.

That said, the one-month risk reversal (RR) of the Silver price, a gauge of the spread between the call and put options, rose in the last two consecutive days and marked the four-week uptrend to keep the XAG/USD buyers hopeful as the metal rose on Friday and Monday.

With this, the daily RR rose 0.035 by the end of Monday’s North American trading session after posting the three-week upward trajectory with the last week’s RR print of 0.130.

Technical analysis

While the options market favors XAG/USD bulls, technical details challenge the Silver buyers.

That said, a fortnight-old descending resistance line challenge the Silver bulls near $24.80, a break of which could test a downward-sloping trend line from July 20, close to $25.05 by the press time.

Following that, the previous monthly high of around $25.30 will act as the final defense of the XAG/USD bears.

On the flip side, the 21-DMA restricts the immediate downside of the Silver price near $24.20.

However, the XAG/USD bears’ major attention will be on the five-week-old support line, close to $23.40 by the press time, to retake control.

It’s worth observing that the upbeat RSI (14) line, not overbought, keeps the XAG/USD buyers as they approach the key upside hurdles.

Silver Price: 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