XAG/USD drops over 2% on high US yields, hovers near $32.00
XAG/USD pressured by higher US Treasury yields and growing belief Fed will hold rates steady. Price consolidates between $32.00 support and $32.73 resistance; momentum favors bears with RSI tilting lower. Break below 100-day SMA at $31.91 opens path to $31.30 and $31.00; upside capped by $33.00 and $33.68. Silver price fell 2% on Wednesday amid … Read more