While silver is trading higher, the $ 27.80 resistance remains intact. A move above that level would confirm a breakout of the range. Silver is trading near $ 27.55 at time of writing, up 0.87% on the day. While the metal remains positive, it has yet to break above the $ 27.80 resistance (the high […]
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XAG / USD clears weekly gain and risks a deeper pullback
Silver prices are now practically unchanged for the week near $ 26.85, having peaked at 27.81 earlier this week. The pullback validates the bullish fatigue signaled by the long upper wick attached to the previous weekly candle and suggests there is room for a deeper dip. The support is seen in 25.90$ (last week’s low), […]
XAG / USD defends key support above $ 27 level
Silver bulls scrambling to regain control Wednesday. A bounce towards the $ 28 level in the middle of a bullish RSI cannot be ruled out. The upside crossover on the 4-hour chart favors the bulls of XAG / USD. Having faced rejection just below the $ 28 level, silver (XAG / USD) fell on Tuesday, […]
XAG / USD tries to stabilize above 55-day SMA at $ 25.65 – Commerzbank
The prices of the plata (XAG / USD) They recently spiked to $ 30.09, subsequently retreating just as quickly. The white metal is currently in consolidation mode. Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, points to it trying to stabilize above the 55-day moving average at $ 25.65. Key Comments: […]
Silver experiences short-term oscillation, but remains supported by weaker US dollar
Silver has seen a pickup in volatility in recent trading despite the lack of fundamental catalysts. Looking through short-term price fluctuations, a weak US dollar has been supporting the precious metal on Tuesday. Silver Spot (XAG / USD) has experienced an inexplicable spike in volatility since the US session opened at 14:30 GMT; Without warning, […]
Silver rises again to $ 27.50 as the market bets on inflation and the US dollar falls
The silver prices they have risen in recent trades as the dollar is under pressure and inflation expectations rise. The price of the pair have risen around the mark of the $ 27.50, whereas before they were closer to the $ 27.00. The price of silver (XAG / USD) has remained higher in recent trades, […]
XAG / USD jumps to multi-day highs, challenges $ 27.50-60
Silver was up on Monday and built on last week’s bounce from the $ 25.90 support zone. The setup appears tilted in favor of bullish traders and supports the prospects for additional earnings. A sustained break below the 100-period Simple Moving Average (SMA) on the 4-hour chart will negate the positive outlook. Silver gained positive […]
Silver rises modestly after NFP report, settles above $ 26.50
Silver rose modestly on Friday amid a weaker USD after soft US NFP data. XAG / USD has advanced above $ 26.50, although it is down from the highs of $ 26.80. Silver Spot Prices (XAG / USD) they are slightly higher on the last trading day of the week; XAG / USD has advanced […]
The decline continues as the US dollar hits precious metal bulls
Silver continues to fall in sympathy with other precious metals as the US dollar recovers. For now, the XAG / USD remains above $ 26.00. Silver Spot Prices (XAG / USD) They are under increased selling pressure and are now trading modestly above $ 26.00 from Asia Pacific highs near $ 27.00. It appears that […]
XAG / USD under pressure as crowd buying disappears
Silver prices are down nearly 1.5% this week. Retailers fail to force a short squeeze similar to GameStop. The plata (XAG / USD) it is trading near the $ 26.50 level at time of writing, which is down 1.15% on the day. White metal rallied 20% between last Thursday and early Monday, hitting an eight-year […]
