The bulls pull back and point to a significant correction of the daily bearish momentum. Long-term charts also offer a bullish bias. Silver prices have halted their slide from a series of bearish daily closes, which could be perceived as an oversold market. This gives rise to prospects for a substantial upward correction. The following […]
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Silver falls from $ 27 to below $ 26 amid technical selling, rising real returns
Silver fell early in the session on Friday amid a technical selling episode. The metal fell from $ 27.00 to $ 26.00 in a matter of minutes and has been unable to recoup losses. NFP’s soft numbers did little to affect price action, with markets much more focused on optimism and reflation. Silver Spot Prices […]
Silver Slumps As US Senate Elections Raise US Bond Yields
Silver prices spiked on Wednesday amid a choppy USD reaction to the Georgia Senate election. Silver is currently trading lower in an environment of higher real and nominal US bond yields. The Democrats managed an unexpected sweep of both Georgia Senate seats, giving them control over Congress. Silver Spot Prices (XAG / USD) spiked on […]
Silver bulls gasp below $ 27.50 ahead of key risk events
Silver spot prices continue to rise but are struggling to break above $ 27.50. Traders remain cautious ahead of key events this week. Silver Spot Prices (XAG / USD) They remain solidly higher for the week, but the bullish momentum eases a bit, with prices rising just 0.2% or around 7 cents on Tuesday. $ […]
Silver rises above $ 27.50 as traders bet on higher inflation
US 10-year equilibrium inflation expectations hit more than 2-year highs, boosting precious metals markets. Silver spot prices crossed above $ 27.50 for the first time since September. Silver Spot Prices (XAG / USD) have had a solid performance thus far on the first trading day of 2021, with the spot market price of silver crossing […]
Silver remains supported above $ 26.00, eyes on possible pennant breakage
Silver spot prices are slightly lower on the day, after Monday’s solid gains, but remain above $ 26.00. Prices appear to be consolidating within a pennant formation, which could be subject to a breakout soon. Silver Spot Prices (XAG / USD) They continue to gradually decline from the highs of the Asia Pacific session on […]
Silver returns to session highs above $ 26.50, up more than 3.0% on the day
XAG / USD has returned above $ 26.50 in recent trading and anticipates a test of daily highs near 26.80. News that Trump signed the $ 2.4 trillion US stimulus bill has given a boost to risk appetite and precious metals. Silver spot prices (XAG / USD) are substantially higher on the first trading day […]
Silver hovers around $ 25.50 amid weak Christmas trade
Silver spot prices have been choppy in lean conditions in recent trading, briefly dipping below $ 22.50. Silver appears to have carved out a new range of $ 25.00 to $ 27.50 in recent days. Despite the weakness of the US dollar, silver spot prices (XAG / USD) They have been bumpy in recent trading […]
Bulls hold XAG above $ 25.00 / oz
Silver is experiencing a modest recovery after bouncing hard again off the lows of $ 25.00. The weaker USD that would result if a Brexit deal is agreed could push silver prices to Monday highs near $ 27.50. After a volatile Monday in which prices oscillated between highs of almost $ 27.50 and lows just […]
The fall of silver continues, $ 25.00 in sight
The strong performance of the US dollar weighed on silver spot prices on Tuesday. The precious metal has continued its decline from highs around $ 26.50 and targets a test of $ 25.00 Silver Spot Prices (XAG / USD) have been under continuous pressure since the start of US trading hours, mainly pressured by a […]