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    Silver Price Forecast: XAG/USD dips below 100 day SMA, eyes on $30.00

    Author AvatarBy George Brooks No Comments 9 Mins Read
    • Silver struggles near 100-day SMA, with downside potential towards $30.00 and lower supports.
    • Technical outlook suggests further weakness, with a key support at $30.18 and the 200-day SMA at $28.63 in focus.
    • Recovery above $31.00 could challenge resistance at the 50-day SMA and extend towards $32.00.

    Silver price drops below $30.50 for the second consecutive session, prints losses of over 0.90% following a tempered US inflation report. The US CPI came as expected, though he hinted that disinflation has stalled. The XAG/USD trades at $30.40, set to end the session lower.

    XAG/USD Price Forecast: Technical outlook

    Silver price

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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