Silver (XAG / USD) spiked to 30.09 and has sold just as quickly. However, there are still more attempts to the upside, according to Karen Jones, FICC Technical Analysis Research Team Leader at Commerzbank. Key statements “The trend is bullish and will remain in bullish mode as long as we stay above the low of […]
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XAG / USD could extend the slide towards the $ 25 level
Silver prices remain relatively calm after Tuesday’s sharp decline. The next key support for the XAG / USD is at $ 26.00. Unless silver manages to stay above $ 27.00, sellers are likely to remain in control. Following the three-day rally, during which silver prices rose nearly 15%, XAG / USD made a deep correction […]
XAG / USD sees short-lived bounce as technical setup favors bears
The sell off on GameStop led the XAG / USD bounce, which fades above the $ 27 level. Silver is heading lower again, amid a bearish crossover and probably a bearish flag on the 1 hour chart. The XAG / USD is targeting the 200 hourly SMA, while the RSI remains below the midline. Silver […]
XAG / USD tests the $ 27.00 level as retail demand fades
Silver spot prices (XAG / USD) have been firmly on the defensive Tuesday as retail interest wanes. Spot prices are currently testing the $ 27.00 level. Silver Spot Prices (XAG / USD) they have been firmly on the defensive Tuesday as the recent surge in retail interest in the precious metal fades; The prices of […]
Markets Buoyed by Hope for Stimulus, Silver Pulls Back, Crypto Rises
Here is what you need to know to trade today Tuesday February 2: The market mood is positive amid signs of progress in the US stimulus talks, US data updates, optimism about vaccines, and some calm around so-called “meme actions.” Eurozone growth figures and virus and vaccine headlines are in the spotlight. The Presidente Joe […]
Forex Today – Asian Session: Bullish Dollar At The Start Of A Busy Week
What you need to know on Tuesday, February 2: The US dollar appreciated strongly against most major rivals, with European currencies being the worst performers. The pair EUR/USD it is trading near a daily low of 1.2062 heading into the Asian session, despite upward revised Markit PMIs and a worse-than-anticipated US ISM manufacturing index. The […]
Silver remains below eight-year highs at $ 29.00
Spot silver is consolidating at $ 29.50, just below the eight-year highs set earlier in the session. Numerous demand metrics suggest an increase in demand, which is still being driven by small investors tied to Reddit. Silver Spot (XAG / USD) has continued its recent vertiginous rally on a third day in a row, during […]
XAG / USD targeting 31.71 – Commerzbank
Silver has definitely resumed its upward movement as the massive rally pushed XAG / USD to new seven-year highs, highlights Karen Jones, head of the FICC technical analysis research team at Commerzbank. He is now targeting the 31.7150 level. Key statements: “Silver has recovered from levels just below 25.00 to 30.00 in four trading days.” […]
XAG / USD rises strongly to eight-year highs and hits $ 30 level, more gains in sight
XAG / USD tests the $ 30 level for the first time in eight years. The bulls remain in control amid the retail frenzy. The $ 32.25 level is on the horizon for buyers, amid the bullish monthly RSI. Silver bulls (XAG / USD) remain unstoppable for the fourth day in a row on Monday, […]
Silver shines on retail demand, risk appetite returns in February on stimulus hopes
This is what you need to know to trade today Monday, February 1: Markets have seen a choppy Asian session on the first day of February, and the Wall Street retail frenzy of the past week has weighed on early trading sentiment. Investors have since witnessed a major shift in market sentiment as risk has […]
