Silver has dipped back below $24.50 on Friday despite a sharp drop in US government bond yields amid safe haven demand. XAG/USD appears to be suffering from some profit taking ahead of the weekend after failing to break above its 200 DMA on Thursday. Despite a sharp drop in US bond yields on Friday amid […]
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XAG / USD stable around $ 22.38
Silver rises for the second day in a row, gaining 0.72%. Goldman Sachs and Deutsche Bank estimate four rate hikes in 2022, while JP Morgan brought its first hike up to March. The XAG / USD is biased to the downside as the 50 DMA crossed below the 100 DMA, prompting a $ 1.00 drop. […]
XAG / USD unchanged at $ 22.20 zone after disappointing NFP figures
Silver prices fluctuated after the NFP figures, but have changed little from pre-data levels in the $ 22.20 zone. Increases in employment in the United States disappointed expectations. Silver prices (XAG / USD) have experienced a confused and two-way reaction to the latest US labor market report The price fell below $ 22.00 but have […]
XAG / USD rises to new monthly highs and targets a move to $ 23.00
Spot Silver is currently trading below weekly highs at $ 22.80, having pushed higher on Wednesday. A weaker dollar and lower yields despite strong US data is boosting precious metals. A test of the resistance at $ 23.00 is on the table, but it can be seen as a selling opportunity. The prices of the […]
XAG / USD seems vulnerable to prolonging its downward movement
The price of silver falls near the support of a week-old trading range on Thursday. The recent consolidated price action in a range points to a bearish consolidation phase. The RSI on the daily chart warrants some caution for aggressive bears. Silver price (XAG / USD) is moving lower for the second day in a […]
XAG / USD Slumps Nearly 2% Amid Risk Averse Climate
XAG / USD follows the discovery of a new variant of COVD-19 in South Africa. The risk-off mood spurred by the UN COVID-19 variant sparked a selloff in the precious metals segment. La plata (XAG / USD) It extends its losses from the night session, shedding 1.91% on the day, trading at $ 23.14 during […]
XAG / USD bulls looking to regain control, awaiting a move above $ 25.00
Silver captures new purchases near the $ 24.50 resistance breakout point, now turned into support. The setup appears tilted in favor of the bulls and supports the prospects for further gains. A sustained break below the $ 24.00 level is needed to negate the positive outlook. Silver has captured new purchases near $ 24.50 on […]
XAG / USD consolidates around $ 25.00, bullish bias remains
Silver lacked firm direction and remained confined in a range around $ 25.00. The setup favors bullish traders and supports the prospects for a further appreciation move. Sustained weakness below trend channel support is needed to nullify the positive bias. At payment It struggled to capitalize on the positive move the day before and balanced […]
XAG / USD bulls retain control near multi-month high, above $ 25.00
Silver attracted purchases in the declines on Tuesday and recovered a significant part of the losses overnight. The setup remains tilted in favor of the uptrend and supports the prospects for additional earnings. Dropping below $ 25.00 could still be seen as a buying opportunity. La plata (XAG) It regained positive traction on Tuesday and […]
XAG / USD expects a move above Fibonacci retracement around $ 25.00 for more rallies
Silver regained positive traction on Thursday and is flirting with multi-month peaks. The bias appears tilted in favor of bull traders and supports the prospects for further gains. Any corrective pullback now would be seen as a buying opportunity near the mid $ 24.50. Silver again approached the three-month-plus peaks set on Wednesday, with the […]