Silver Price Analysis: XAG/USD climbs more than 0.50%, eyes $30.00

Silver trades and gains 0.60% after touching a daily low of $29.35. Momentum is neutral, with RSI around the 50-neutral line, suggesting buyers and sellers are balanced. Key resistance at $30.25 and $31.54, with support levels at $29.05 and $28.66. Wall Street remained closed in observance of the Juneteenth holiday. The XAG/USD trades at $29.71 after hitting a daily low of $29.35.

The next resistance level would be the June 12 high at $30.25, followed by the month-to-date high of $31.54, the June 7 peak. A breach of the latter will expose the YTD high of $32.51. On the other hand, if XAG/USD sellers drag spot prices below the 50-day moving average at $29.05, it will expose $29.00. Once cleared, that could expose the MTD low of $28.66, ahead of plunging toward the 100-DMA at $26.60. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 29.

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