Silver prices decreased to $32.54 after failing to maintain the $33.00 threshold, reflecting potential downside risks if the $32.00 support does not hold. The next resistance point is noted at $33.20, while key support is located at the 100-day SMA around $31.12.<\/p>\n
On Friday, Silver’s price lost ground despite lower US yields, with the 10-year T-note yields falling almost eight basis points to 4.431%. The XAG\/USD pair shows a decrease of 1.20%, suggesting weakening bullish momentum as indicated by the RSI.<\/p>\n
For a continuation of upward movement, buyers need to surpass the February 20 high of $33.20. If successful, the next target will be the February 14 peak at $33.39, ahead of the $34.00 mark.<\/p>\n
If the XAG\/USD declines below $32.00, it may apply further selling pressure. Initial support lies at the 100-day SMA at $31.12, followed by the 50-day SMA and 200-day SMA at $30.70 and $30.46, respectively.<\/p>\n
Silver struggled to hold above $33.00, slipping to $32.54, which raises the possibility of further downward movement if the $32.00 level does not hold. The next hurdle for a rebound sits at $33.20, while a more extensive drop could see prices finding support near the 100-day SMA, currently hovering around $31.12.<\/p>\n
Last Friday, the price weakened even as US Treasury yields moved lower, with the 10-year yield declining by nearly eight basis points to 4.431%. This would typically support metals, yet silver still dropped by 1.20% on the day. The Relative Strength Index signals waning bullish enthusiasm, which traders should take into account before expecting another rally.<\/p>\n
For buyers to regain control in the near term, prices must climb past $33.20, a level last hit on 20 February. Should this threshold be cleared, attention will turn to $33.39, the peak from 14 February, and beyond that, the psychological marker at $34.00.<\/p>\n
If support at $32.00 fails, the probability of further declines increases. Investors should monitor the next key areas on the downside, with the 100-day SMA around $31.12 acting as the first line of defence. Below that, additional pressure could emerge near the 50-day and 200-day SMAs at $30.70 and $30.46. <\/p>\n
With technical indicators reflecting slower momentum, traders should assess whether buyers can step back in soon or if further weakness will unfold.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silver falls to $32.54, struggling below $33.00; key support at $32.00, resistance at $33.20 and $33.39.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-16794","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"luna","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/luna\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/16794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=16794"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/16794\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=16794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=16794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=16794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}