• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

18 December 2024 16:00  |

Silver Price Struggles Near $30.40 Area

Silver (XAG/USD) struggled to capitalize on the previous day’s modest rebound from the vicinity of monthly lows, around the psychological $30.00 mark and attracted some sellers on Wednesday.

The white metal remained pressured through the first half of the European session and is currently trading just below mid-$30.00s, down nearly 0.30% for the day.

From a technical perspective, the recent failure near the $32.35 horizontal resistance and a subsequent fall back below the 100-day Simple Moving Average (SMA) favors bearish traders.

Moreover, oscillators on the daily chart are holding in the negative territory and away from the oversold zone, suggesting that the path of least resistance for XAG/USD is to the downside.

Source: FXStreet

Related News

SILVER

Silver (XAG) Daily Forecast: Strong Indian Demand and Dutie...

Silver prices rise above $31.00, fueled by robust Indian festive demand and a significant reduction in import duties from 15%...

24 September 2024 16:20
SILVER

Silver Drops Near $31.00 Post US Data Release

Silver (XAG/USD) prices extended its decline for the second session, trading around $30.90 per troy ounce during Asian hours ...

13 December 2024 13:32
SILVER

Silver Prices Rise as Traders Await US Inflation Data

Silver prices rose above $31.10 an ounce on Monday (12/9), near a one-month high as investors awaited key US inflation data t...

9 December 2024 14:22
SILVER

Silver Analysis as Election Uncertainty Looms

The US election is scheduled for November 5, generating significant market uncertainty. This uncertainty supports silver (XAG...

25 October 2024 09:12
BIAS23.com NM23 Ai