SILVER PRICE ANALYSIS: XAG/USD HOVERS AROUND $21.70S BELOW THE 200-DMA

XAG/USD clings to Wednesday’s gains of 0.36%, despite overall US Dollar strength.

Silver dropped below the 200-day EMAs after reaching a daily high of $22.37.

XAG/USD Price Analysis: Silver remains downward biased.

Silver price retraced some of its earlier gains after hitting a daily high of $22.37; a slight improvement in market sentiment strengthened the US Dollar (USD). Therefore, the XAG/USD is trading at $21.75, above its opening price by 0.36%, below the 200-day Exponential Moving Average (EMA).