Silver is consolidating near multi-month highs not far below $25.50 as markets remain intensely focused on the Ukraine conflict. Technicians have noted that silver spot prices have formed an ascending triangle in recent days. Silver prices (XAG/USD) are consolidating near multi-month highs with the $25.50/troy ounce level now acting as resistance, but continued nervousness over […]
Tag: silver
At historic highs aluminum, rally for palladium and nickel
The price of aluminum climbed to a new all-time high on Wednesday, with nickel also hovering high for more than 10 years and palladium will rally as the Russian-Ukrainian crisis sparked fears of supply chain problems, boosting commodity prices in general. More specifically, three-month aluminum on the London Stock Exchange jumped to a record high […]
XAG/USD Well Supported Above $24.50 As West Hits Russia With New Sanctions
Silver is trading above $24.50 on Monday as geopolitics remains the driving force in the market. Economic uncertainty related to new Western sanctions on Russia and reduced central bank tightening bets is supporting precious metals. Silver prices (XAG/USD) They are trading higher this Monday in the $24.50 area, up almost 1.0% or about 25 cents […]
XAG/USD remains capped below $24.50 amid broad recovery in risk appetite
Silver prices traded subdued on Friday as a sharp rebound in risk appetite reduced safe-haven demand. Spot prices have remained subdued below $24.00 with the $24.50 level acting as a ceiling. As the war in Ukraine continues and the Western sanctions response to Russia evolves, uncertainty remains high. An increase in risk appetite that has […]
XAG/USD bears challenge trend line support near $24.00
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Silver fell for the second day in a row on Friday and fell to $24.00. A sustained break below an uptrend line will set the stage for further losses. The bullish oscillators on the daily chart warrant caution for aggressive bear traders. XAG silver struggled to capitalize on its intraday rally, instead finding a fresh […]
XAG/USD consolidates below the downtrend line/200 DMA
-637812141489030856.png "XAG/USD consolidates below the downtrend line/200 DMA")
Silver continued its struggle to break a confluence barrier near the $24.30-$24.35 zone. The technical set-up favors bullish traders and supports the prospects for additional short-term gains. A convincing break below an upsloping channel is needed to nullify the constructive outlook. XAG silver flickered between tepid gains and minor losses throughout the mid-European session and […]
XAG/USD corrects from multi-week highs, drops to $23.75-$70 zone
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Silver witnessed an intraday reversal from the four-week high reached on Friday last week. The setup favors bullish traders and supports the prospects for some buying on dips. Sustained strength beyond $24.00 is needed to confirm the positive short-term outlook. XAG silver continued its struggle to find acceptance above $24.00 and witnessed an intraday reversal […]
XAG/USD fails to hold above $24.00
XAG silver failed to hold above the resistance at $24.00 on Friday, but continues to trade with a bullish bias. Geopolitical tensions as violence escalates in eastern Ukraine keep precious metals in demand. Although they tried decently, it seems that silver spot prices (XAG/USD) they are not going to be able to end the week […]
XAG/USD bears flirting with the 200 hourly SMA just above $23.00
-637805301410728575.png "XAG/USD bears flirting with the 200 hourly SMA just above .00")
The pound witnessed a dramatic turnaround from a three-week high hit on Tuesday. The slightly oversold RSI on the 1 hour chart could prevent bearish traders from placing further bets. Sustained strength above the $23.55 area is needed for the uptrend to resume. The silver XAU it extended its sharp intraday pullback from near $24.00, […]
At a three-month high gold with a boost from uncertainty in Ukraine
Gold futures traded at a three-month high on Monday as fears of a possible Russian invasion of Ukraine sparked demand for safe-haven assets. “Comments from US officials late last week suggesting that an invasion of Ukraine from Russia was imminent put the markets at a dead end,” David Russell, marketing director at GoldCore, told MarketWatch. […]
