Share: Silver oscillates in a narrow trading band for the second successive day on Friday. Bullish oscillators on the daily chart support prospects for some short-term gains. A breakout through an ascending trend line is needed to confirm the bullish bias. Silver (XAG/USD) continues with its struggle to gain any meaningful traction and
Share: The XAG/USD surged to a daily high of $24.15 and then settled at $23.70. Dovish bets on the Fed weight on the US Dollar and yields favouring the metal. Fed’s Susan Collins warned markets that tightening may not be over. The XAG/USD surged to a high above $24.00 on Friday and then
Share: The Silver’s spot price XAG/USD is down by more than 1%, around $22.30. Jerome Powell from the Fed was seen as hawkish on Thursday, fuelling US bond yields. Markets are pricing in rates at restrictive levels for a more extended period. UoM Consumer Sentiment data from the US came in lower than
SILVER, GOLD OUTLOOK: Gold and silver prices rebound, but their upside is capped by the move in bond yields Palladium sinks to its lowest level in more than 5 years This article explores XAU/USD and XAG/USD’s key technical levels to monitor in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter
SILVER, GOLD OUTLOOK: Gold and silver prices have retreated in recent weeks, but their outlook remains constructive If bond yields continue to push lower, precious metals could shine heading into 2024 This article explores XAU/USD and XAG/USD’s key levels to watch this week Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and
Share: Silver remains under some selling for the second straight day and drops closer to the weekly trough. The technical setup favours bearish traders and supports prospects for additional near-term losses. A sustained strength beyond the $23.60-$23.70 supply zone is needed to negate the negative bias. Silver (XAG/USD) drifts lower for the second
Share: Silver price jumps from $22.70 to $23.07, testing crucial resistance at 200-DMA of $23.26. A breach of 200-DMA could expose next resistance levels at $23.69 and Bollinger bands top at $23.80. If Silver falls below $23.00, supports are $22.94, $22.44, and 20-day EMA at $22.25. Silver price jumped above the $23.00 figure
Share: 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)
Gold, XAU/USD, Silver, XAG/USD – Outlook: Precious metals have soared on geopolitical concerns. Both gold and silver are testing major resistance. What is the outlook and what are the key levels to watch in XAU/USD and XAG/USD? Looking for actionable trading ideas? Download our top trading opportunities guide packed with insightful tips for the fourth
Share: Spot Silver takes a knee after the US CPI inflation reading mangles investor risk appetite for Thursday. Risk appetite has soured and Silver’s meager gains for Thursday have evaporated. Investors will be keeping an eye out for changes to the Fed’s dot plot moving forward. The XAG/USD slid below $21.80 on reaction
