Silver remains on the defensive, near one-month lows hit on Monday. The situation favors bearish traders and supports the prospect of further losses. Any recovery attempts above the $19.00 mark are likely to run out. the silver it struggles to gain traction on Tuesday and is holding close to a one-month low hit the day […]
Tag: XAGUSD
Silver sinks below $19.00 on Powell’s remarks and sour sentiment
The price of silver is preparing to end the week with losses of 0.64%. The president of the Fed, Powell, reiterated the objective of the US central bank to lower inflation, even if it generates “pain for households and companies” Encouraging US economic data weighed on white metal prices, which tumbled more than $0.30. the […]
Gold Price Forecast: XAU/USD remains weak and returns below $1740
The market climate remains cautious. Metals fail to make up ground sustainably. XAUUSD erases daily gains after hitting $1,743. Gold is trading at the $1735 zone unchanged from Monday’s close. The price remains in the low zone in weeks, after a failed recovery. On the positive side, XAU/USD did not make new lows. Silver also […]
Silver Price Analysis: XAG/USD vulnerable below 50 DMA, clings to 38.2% Fibonacci level
On Wednesday, silver saw some selling for the third day in a row. Acceptance below the 50 DMA supports the prospect of further losses. Any recovery attempt could now be seen as a selling opportunity. the silver struggles to take advantage of the late bounce from the previous day and finds fresh offers near the […]
Silver Price Analysis: Chance to break below $20.00, vulnerable near 50 DMA
Silver loses ground for the second day in a row and falls to a one-week low. The drop marks a bearish break below a one-week trading range. The bears still have to wait for a sustained break below $20.00 before making further bets. the silver witnesses selling for the second day in a row on […]
Silver Price Analysis: XAG/USD rally to $20.50, retrace much of Thursday’s decline
Silver attracts new buying near the 50 DMA and reverses a significant portion of overnight losses. The technical setup remains tilted in the bulls’ favor and supports the prospects for further gains. A sustained break below $20.00 is needed to negate the positive short-term outlook. the silver It shows some resistance below the 50% Fibonacci […]
Silver Price Analysis: XAG/USD flirts with confluence zone around $20.40
Silver is finding some selling for the second day in a row and is pulling away from a multi-week high. The technical set-up seems to remain tilted in favor of the bulls and supports the prospects for further gains. A sustained break below the $19.20 area is needed to negate the short-term bullish outlook. Silver […]
Silver Price Analysis: XAG/USD Jumps Back Above $20.00
Silver regains traction on Monday and reverses a major part of Friday’s decline to a one-week low. The bulls still need to wait for a move beyond the confluence region at $20.30-35 before opening aggressive positions. A convincing break below the $19.20 support zone would nullify any short-term positive outlook. Silver attracts some buying near […]
Silver Price Analysis: XAG/USD is back nearing the 50% retracement and 50-day moving average
Silver rises for the second day in a row. The technical setup favors the bulls and supports the prospects for a further appreciation move. A convincing break below the $19.20 area would turn the bias in favor of the bears. Silver gained momentum and rose for the second day in a row on Thursday, moving […]
Silver Price Analysis: XAG/USD climbs around $20.00 despite improving sentiment
Silver price clings to $20.00 despite market risk appetite. Upbeat US non-manufacturing PMI data kept investors spirited, who believe the US could dodge a recession. Federal Reserve officials stressed their commitment to reduce inflation. silver prices they are pushing against $20, after falling on Tuesday due to the appreciation of the US dollar amid a […]