Silver Price Analysis: XAG/USD hovers around $22.80, grapples with 50-DMA in lackluster trade

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• Silver price seesaw from daily high of $23.69 to low of $22.88, closing at $22.81.
• Key resistance levels at 50-DMA of $22.94 and 200-DMA of $23.29 cap potential rally attempts.
• Downside support at $23.00, with further levels at the October 26 low of $22.44 and 20-day EMA of $22.21.

Silver price (XAG/USD) is almost flat during Thursday’s session after seesawing in a volatile day, reaching a daily high of $23.69 before diving towards its low of $22.88. As the Wall Street close looms, the XAG/USD trades at $22.81, registering losses of 0.12%.