Silver prices buoyant above $24.00 as USD slides to fresh annual lows

published 14.12.2020 15:47

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A bout of technical buying has seen XAG/USD prices move back above the $24.00 level in recent trade.

USD weakness amid an improvement in the market’s broad appetite for risk is likely acting as supportive.

Spot silver (XAG/USD) prices have seen some technical buying in recent trade, but remain broadly underpinned by a softer USD as a result of an improved risk appetite at the start of the week.

Technical buying pushes XAG/USD back above $24.00 A bout of technical buying on the break of a short-term downtrend linking the 9, 10 and 11 December highs has seemingly helped spot silver prices reclaim the $24.00 level.

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