Silver steady at $23.23 as the Asian session opens, DXY down 0.01%

• As the Asian markets open, the white-metal trades up 0.05%.
• The US dollar has been in charge of Silver prices, as Fed’s bond tapering talks began at the last meeting.
• The silver slide was capped at $23.07, the next target is $22.00.

The white-metal slides in the session, as the US dollar remains supported on expectations of Feds’ bond tapering by the end of the year. Silver was last seen trading around $23.23 flat, while on the other hand, the US Dollar index, trades at 93.55 flattish, as the Asian markets open.

In regards to yesterday’s price action, silver closed at $23.25 for a loss of 1.15%, meanwhile, the greenback reached a nine-month high, and by the close of the American session, finished at 93.56 for a 0.42% gain.

Silver technical outlook

XAG/USD yesterday’s slide, retraced at $23.07, ultimately closing at $23.25. The daily moving averages are above $25.30 with the shorter-time frame under the longer-time frames. As prices aim higher at the time of writing, its next resistance will be yesterday’s high at $23.52, followed by the August 17 high at $23.95.  To the downside, the first support is the $23.07/$22.97 range followed by a really long fall towards August 9 low at $22.00

RSI is at 32.45 headed downwards supporting sellers, while the Average True Range (ATR) is at $0.63 cents flat.