Silver struggled to capitalize on last week’s bullish breakout momentum through a trading range. The formation of an uptrend channel supports the prospects for additional short-term gains. The surge of buying on the dips adds credibility to the positive outlook and favors bull traders. At payment It attracted some buying near the $ 24.20 resistance […]
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XAG / USD soars almost 4%, with its sights set on $ 25.00
Metals jump after the official US employment report that weakened the US dollar. XAG / USD rises to a four-week high, approaching $ 25.00. At payment is up 3.90% on Friday, boosted after the NFP report disappointing expectations and despite rising US yields Technical factors helped drive XAG / USD at $ 24.84, the highest […]
XAG / USD consolidates near multi-week highs, holding above $ 24.00
Silver struggled to capitalize on the good move the day before to multi-week highs. Mixed technical indicators on the hourly / daily charts prevented the bulls from making aggressive bets. Silver witnessed moderate / in-range price action on Thursday and consolidated the previous day’s strong move to more than three-week highs. The white metal now […]
The bulls move at a critical resistance level
Silver is moving at a critical resistance level as the US dollar collapses. US ADP employment data is a negative prelude to the non-farm payroll showdown, which puts pressure on the dollar. The price of silver continues to test the ceiling of dynamic resistance as the US dollar struggles to stay within bullish territory. As […]
XAG / USD bulls remain above $ 23.80-85 resistance breakout point
Silver, so far, has managed to stay above the round $ 24.00 level. Mixed oscillators on hourly / daily charts warrant aggressive traders’ caution. Silver continued its struggle to take advantage of momentum past the 38.2% Fibonacci level of the $ 26.00-$ 22.17 drop and once again witnessed a modest pullback from the $ 24.20 […]
XAG / USD declines from three-week highs, rises modestly around $ 24.00
XAG / USD was stable around $ 24.00 and the bias appears to be tilted in favor of bullish traders. Mixed oscillators warrant some caution before positioning for any further appreciation moves. At payment it struggled to preserve modest intraday gains to three-week highs and was last seen hovering near the lower end of its […]
XAG / USD flirts with session lows, around the $ 23.70-65 zone
Silver once again found new offers near $ 24.00. The setup favors bearish traders and supports the prospects for further weakness. A sustained move beyond 50% Fibonacci is necessary to negate the negative bias. At payment continued its struggle to return above the 200-period SMA on the 4-hour chart and witnessed some new selling on […]
XAG / USD could extend rally to $ 24.61 / $ 25.30 zone – Commerzbank
Silver (XAG / USD) continues with an upward correction. Karen Jones, head of technical analysis research team at Commerzbank expects the metal to head for the $ 24.61 / 25.30 band. Key statements: “Silver continues to rebound from the long-term pivot support at $ 21.87 / 17, the lows of September and November 2020 and […]
XAG / USD breaking a range above $ 23.65, in multi-day highs
-637653954357159217.png "XAG / USD breaking a range above $ 23.65, in multi-day highs")
Silver is trying to break out of a consolidation range, which has held trading since the American session on Monday. Support above $ 23.40 / 45 favors a bias to the upside. Silver was oscillating in a range during the first half of the European session and is trading at $ 23.70, a new high […]
XAG / USD maintains strong daily gains above $ 23.50
XAG / USD hits a high of $ 23.68, the highest level since last Wednesday. Metals reversed sharply, pointing to further gains. At payment it is up 2.75% on Monday after making a sharp reversal from levels below $ 23.00. It recently touched the $ 23.68 level a new high. You are hovering near highs, […]
