Silver managed to recover a significant part of its initial lost ground to lows of more than a week. The short-term technical setup could have turned in favor of bearish traders. Sustained weakness below the $ 26.70 confluence is needed to confirm the negative bias. At payment it drew some downside buying just before the […]
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XAG / USD bullish as long as it remains above $ 25.31 – Commerzbank
Silver (XAG / USD) is consolidating at the 200-day moving average and hovering above the 55-week moving average at $ 25.31, Commerzbank analysts describe, maintaining a bullish bias. Key statements: “Silver has spent the last 2 weeks consolidating around the 200-day moving average at $ 25.85, but the focus remains at its current June low […]
XAG / USD clings to gains near daily highs just below $ 26.50
-637612393319914409.png "XAG / USD clings to gains near daily highs just below $ 26.50")
Silver moves higher on Wednesday and recovers a significant portion of the previous day’s losses. The appearance of buying near the $ 26.00 level supports the prospects for further gains. Neutral technical indicators on the daily chart warrant some caution for the bulls. The price of silver has regained positive traction on Wednesday and has […]
XAG / USD clings to gains near three-week highs, above $ 26.50
-637611642299025518.png "XAG / USD clings to gains near three-week highs, above $ 26.50")
Silver continued to climb and peaked in the European session at $ 26.69. The technical configuration favors the rises. A sustained break below the $ 26.00 mark is needed to negate any constructive outlook. Silver prolonged the strong rebound from around $ 25.50, or 2-1 / 2-month lows, and followed up on Tuesday. The momentum […]
XAG / USD rises beyond $ 26.50
Silver gained bullish momentum for the third straight session on Monday. Any bullish move could face resistance near the Fibonacci retracement of 38.2%. Mixed technical indicators on the day chart warrant caution for bullish traders. Silver extended the bullish run that began after Friday’s US jobs report and advanced for the second consecutive session on […]
XAG / USD clings to gains above $ 26.00, bearish bias predominates
Silver found buying near the 200 hourly moving average and extended the advance on Friday. The short-term technical setup remains steadily downward. Silver halted the slide from two-week highs and attracted some buying in on the last trading day of the week. The commodity maintained its modest gains during the first half of the European […]
XAG / USD hits two-week highs and challenges the $ 26.30 zone
Silver gains some continuation traction for the second day in a row on Thursday. A sustained move above the $ 26.30 supply zone should pave the way for additional gains. Mixed technical indicators on the daily chart warrant caution for aggressive bulls. Silver has built on the positive move from the previous day and gained […]
XAG / USD makes modest gains, upside appears limited
Silver rose on Wednesday and moved away from its 2-1 / 2-month lows. The setup still favors bearish traders and supports further loss prospects. A sustained move past the $ 26.20-30 hurdle is needed to nullify the bearish bias. At payment It gained some positive traction Wednesday and was based on the overnight bounce from […]
XAG / USD remains trapped in a range above the confluence support at $ 25.70
Silver is moving lower on Tuesday and is moving away from resistance from a week-old range. The technical setup favors the bears and supports the prospects for further weakness. The price of silver (XAG / USD) encountered new selling on Tuesday and has fallen to an intraday low of $ 25.90 during the first half […]
XAG / USD remains stable above the $ 26.00 level
Avocado attracts some purchases on Monday, although it lacks a strong following. The formation of a rectangle points to a brief consolidation before the next move down. Sustained weakness below the $ 25.70 confluence will reaffirm a bearish breakout. The price of silver (XAG / USD) has reversed an intraday fall to the region of […]
