Silver sinks from $ 24.85 to $ 24.20 after Powell’s speech. Powell confirms the gradual reduction in QE and falling demand for metals. XAG / USD remains bullish, with the $ 24.85 resistance area in focus. Silver futures They have retreated from levels just below the two-month highs at $ 24.87, retreating to the $ […]
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XAG / USD Consolidates Below Six-Week Highs
The price of silver is consolidating its recent strong move to multi-week highs. The technical setup favors the bulls and supports the prospects for further gains. Any drop below the $ 24.00 level could be seen as a buying opportunity. The price of silver (XAG / USD) now appears to have entered a bullish consolidation […]
XAG / USD bulls hover near $ 24.00, multi-week highs
Silver caught some new offers on Wednesday and fell slightly closer to multi-week highs. The setup favors bullish traders and supports the prospects for additional short-term gains. A sustained break below the round 23.00 level is needed to negate the constructive outlook. The XAG It attracted some buying in the dips on Wednesday and retraced […]
XAG / USD breaks several-month downtrend line
The price of silver rises above month-long highs during the European session on Tuesday. Momentum appears strong enough to push XAG / USD above the $ 24.00 level. Silver caught aggressive pips on Tuesday and reached month-long highs around the $ 23.70 region during the European session on Tuesday. From a technical perspective, the XAG […]
XAG / USD bulls remain in control, awaiting a move above $ 23.55-60
Silver has captured some lower level buying on the first day of a new trading week. Acceptance above the neckline of the reverse shoulder-head-shoulder pattern favors the bulls. A sustained move above the 61.8% Fibonacci will reaffirm the positive bias. Silver managed to find some support near the $ 23.00 level on Friday and has […]
XAG / USD challenges the 200 SMA and 50% Fibonacci above the $ 23.00 level
Silver attracts some buying on Thursday and turns positive for the second day in a row. The setup appears tilted in favor of the bulls and supports the prospects for additional earnings. A sustained break below the $ 22.25-20 soprote is needed to negate the bullish outlook. Silver (XAG / USD) has reversed an intraday […]
XAG / USD targets a breakout of an ascending triangle above $ 22.80
Silver is ready for a breakout of the range, with a likely move higher. XAG / USD looks for the breakout of the ascending triangle on the 4-hour chart. The RSI is pointing higher above the midline, supporting the bullish view. The price of silver (XAG / USD) is moving higher, trying to break its […]
XAG / USD hesitant around $ 22.60
Silver prices ranged between $ 22.35 and $ 22.75 before returning to previous ranges. Upward attempts in precious metals remain limited by the strength of the USD. XAG / USD sinks around $ 23.50. Silver futures have oscillated between $ 22.35 and $ 22.75 on Tuesday, to consolidate near $ 22.60 during the US trading […]
XAG / USD is hovering around $ 22.50 thanks to higher US Treasury yields.
XAG / USD remains stable as US 10-year Treasury yields rise four basis points to around 1.569%. Silver trades in a range within the $ 22.00-$ 22.80 area. The US Dollar Index appears poised to close above 94.00 for the second day in a row. La plata (XAG / USD) It is down for the […]
XAG / USD struggles to overcome confluence resistance at $ 22.80
Silver witnessed a modest intraday pullback from the $ 22.80 confluence hurdle. Neutral technical indicators warrant caution before placing new directional bets. At payment It struggled to capitalize on its modest intraday rally to one-and-a-half week highs and once again began to pull out of the $ 22.80 resistance zone. The raw material updated the […]