SILVER PRICE OUTLOOK: Silver prices fall modestly despite U.S. dollar softness. Traders remain cautious ahead of key U.S. labor market data. The September NFP report, due out on Friday, will be key for financial markets. Most Read: US Jobs Report Preview – What’s in Store for Nasdaq 100, USD, Yields, and Gold? Silver prices fell
Gold, XAU/USD, Silver, XAG/USD – Outlook: Next support for gold: 1805, 1785, 1720. Bearish head and shoulders pattern triggers in silver. What is the outlook and the key levels to watch? For a detailed discussion on the fundamental and technical outlook on precious metals download DailyFX’s fourth quarter trading guide. It’s free! Recommended by Manish
Share: Strategists at ANZ Bank analyze Silver (XAG/USD) outlook. Investment demand to reverse Silver is facing a double whammy: expectations of a rise in US interest rates curbing its investment appeal and a weaker Chinese economy weighing on industrial demand. These two drags are driving a recent liquidation of Silver investments. We expect
Gold, Silver, Trendlines – Technical Update: Gold and silver prices pressured by the Fed rate decision Gold turning lower toward key rising support Silver following same path, will a breakout occur? Recommended by Daniel Dubrovsky How to Trade Gold XAU/USD Analysis Gold and silver prices have turned lower in the aftermath of the Federal Reserve
Share: XAG/USD advanced by 2.20% to $23.20. The USD is trading somewhat soft on Friday ahead of the weekend. US yields and tightening expectations remain steady. Michigan Consumer Sentiment from September declined to 67.7. At the end of the week, the XAG/USD Silver Spot price gained significant demand and increased to $23.15. On the
Share: XAG/USD declined by 0.90% to the $22.80 area. Headline CPI from the US from August rose to 3.7% YoY, beating expectations. US yields retreated but remain uncomfortably high for precious metals. In Wednesday’s session, Silver prices retreated and failed to consolidate above $23.00, falling to the $22.80 area. After fresh inflation figures
Share: Silver price volatility compresses near $23.00 while the US Dollar remains subdued. Investors turn baffled between rising hopes of the Federal Reserve’s (Fed) soft landing and resilient US dollar. Silver price consolidates below the 61.8% Fibonacci retracement at $23.30. Silver price (XAG/USD) demonstrates a volatility squeeze near the crucial support of $23.00,
Share: XAG/USD peaked at a daily high of $24.80 then settled near the $24.15 area. US NFPs and PMI figures from August beat expectations. Still, wages decelerated, and Unemployment rose. The USD strength drove the grey metal downwards. At the end of the week, the XAG/USD closed with losses but managed to hold some
Share: Silver Price struggles with the key upside hurdle at monthly high. Descending resistance line from early May challenges XAG/USD bulls amid nearly overbought RSI (14) line. Clear upside break of four-month-old horizontal resistance area, bullish MACD signals favor Silver buyers. 100-DMA, key Fibonacci retracement levels can prod XAG/USD pullback. Silver Price (XAG/USD)
Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis and Charts Bond yields fall on soft economic data. Silver has outperformed gold by a decent margin over the last week. Recommended by Nick Cawley How to Trade Gold Global economies are struggling, according to the latest round of PMI releases, with a raft of G7 countries seeing
