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XAG/USD jumps to 3-week high as the Dollar sinks
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XAG/USD jumps to 3-week high as the Dollar sinks
XAG/USD up 1.63% as US 10-year yields tumble due to rate-cut bets pressuring the Dollar. Price hits $38.65, clearing last higher-high; next resistance at $39.00, then YTD high of $39.53. Downside risks if $38.00 fails, with supports at $37.50 and $36.21. Silver price rises over 1.63% on Wednesday, boosted by broad US Dollar weakness as traders had fully priced in a rate cut by the Federal Reserve at next month’s meeting. Consequently, US Treasur…
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