$XAG Price Up for 10.96% amid Geopolitics Tension Eases and Fed Turns Cautious đâš
$XAG price was declined after recent USâIran talks which eased geopolitical tensions, but market rebounds strongly âȘïž Traders also took profits after a long uptrend in Silver market, and markets reacted when Kevin Warsh was named as Fed chair â investors now expect more measured policy from the Fed. đŠ
Geopolitical risk decreased, and a Senate funding deal eased US shutdown fears, both of which boosted risk appetite and reduced demand for silver. At the same time, cautious comments from Fed officials made safe assets like silver less attractive. đ
Technically,$XAG is trading at $84.38, and the RSI(6) is at 53.95 â which is signs of moderate buyer interest. â ïž A quick return to historical highs looks unlikely for now.
What to watch: if USâIran tensions escalates again or US public debt worries deepen, silver price could bounce back. For today, watch Fed signals, geopolitical headlines, and the key technical support levels (72.61, RSI) before opening position.
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