Silver Price Analysis: XAG/USD finds some light ahead of Fed meeting
20.03.2024, 13:52

Silver Price Analysis: XAG/USD finds some light ahead of Fed meeting

  • The XAG/USD stands firm near $24.90 in Wednesday's session.
  • US Treasury yields are mixed with some rising and others declining.
  • Jerome Powell's presser and the updated Dot Plots may fuel volatility in the bond market.

In Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase. While investors await the Federal Reserve (Fed) decision, the US Treasury bond yields, often seen as the cost of holding non-yielding metals, remain calm but could face aggressive movements if the bank delivers a dovish or hawkish surprise.

Markets will closely look at the updated Dot Plots and see if the Fed officials still see 100 bps of easing in 2024. As for now, Jerome Powell was seen somewhat dovish in his testimony before Congress while the Fed officials remained cautious. Meanwhile, the odds of a cut in May remain low while the doves continue to bet on the easing cycle to kick off in June.

XAG/USD technical analysis

Based on the indicators of the daily chart, the Relative Strength Index (RSI) for the XAG/USD pair leans positive, predominantly displaying values in the 60s range. This reveals a dominance of buyers in the market, deepening the positive terrain. Combined with the decreasing green bars of the Moving Average Convergence Divergence (MACD) histogram, momentum seems to shift towards a slight downturn. Still, the bullish phase with moderate volatility is maintained.

From a Simple Moving Average (SMA) analysis perspective, the pair is above the 20, 100, and 200-day SMAs, suggesting that the bulls have firm control in the overall trend.

XAG/USD daily chart

XAG/USD

Overview
Today last price 24.96
Today Daily Change 0.05
Today Daily Change % 0.20
Today daily open 24.91
 
Trends
Daily SMA20 23.8
Daily SMA50 23.16
Daily SMA100 23.41
Daily SMA200 23.32
 
Levels
Previous Daily High 25.16
Previous Daily Low 24.73
Previous Weekly High 25.45
Previous Weekly Low 24.01
Previous Monthly High 23.5
Previous Monthly Low 21.93
Daily Fibonacci 38.2% 24.89
Daily Fibonacci 61.8% 24.99
Daily Pivot Point S1 24.71
Daily Pivot Point S2 24.51
Daily Pivot Point S3 24.29
Daily Pivot Point R1 25.14
Daily Pivot Point R2 25.36
Daily Pivot Point R3 25.56

 

 

© 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