Silver reverses modest intraday decline to $20.00 zone. The technical set-up supports the prospects for additional short-term gains. The bulls could wait for the strength to hold beyond the 50-day SMA. On Tuesday, the silver attracted some buying in the $20.15 to $20.10 area and came back close to the one-month high reached the previous […]
Tag: XAGUSD
Silver Price Analysis: XAG/USD bulls take a breather near the 50-day SMA barrier at $20.50
Silver is seen digesting its recent strong move towards a one-month high, set earlier this Monday. The oscillators on the daily chart favor the bulls and support the prospects for further gains. In the 4 hours chart, the RSI is slightly overbought, which justifies a consolidation before the next rise. the silver struggles to ride […]
Silver Forecast: XAG/USD Surpasses $20, Records Its Biggest Weekly Rise Since August 2020
The price of silver records its first weekly gain in the last nine weeks, rising 9%. Falling US Treasury yields undermine the greenback and bolster precious metal prices. Those responsible for the Fed are confident of achieving a soft landing, although they recognize that further rate hikes are necessary. the price of silver rises for […]
Silver Price Analysis: XAGUSD Tumbles on Weak US Data and High US Bond Yields
Silver price starts the week strong and approaches $18.40 ahead of the FOMC meeting. Weaker-than-expected data, indicating a further deterioration in the US economy, underpins US Treasury yields. Silver Price Forecast (XAGUSD): Trending Down, to retest the $18.00 level in the short term. the price of silver it is pulling back from the daily highs […]
Silver Price Analysis: XAG/USD remains trapped in a range below the $19.00 level
Silver is struggling to gain any significant traction and remains below the $19.00 level. The mixed oscillators on the hourly/daily charts warrant some caution for aggressive investors. A strength beyond $19.00 would suggest that XAG/USD has formed a bottom. Silver was unable to take advantage of the previous day’s nice rebound from the $18.25 area, […]
Silver Price Analysis: XAG/USD bounces off $18.20 zone, some positive signs emerging
Silver erased losses and climbed back above $18.70. The bounce could gain momentum if it breaks $19.00. The primary trend remains bearish; break below $18.00, to open the doors at $17.50. the silver it bottomed on Thursday at $18.23, slightly above the all-time low of $18.13. It then rallied strongly above $18.50, boosted by the […]
Silver Price Analysis: XAG/USD looks poised to challenge yearly lows around $18.15
Silver sold off sharply on Thursday and pulled back to a year’s low. The technical set-up supports the prospects for a further short-term depreciation move. Oversold oscillators suggest that the bears could briefly pause near the $18.15 area. the silver extends the previous day’s pullback from the $19.10 area with some follow-up selling on Thursday. […]
Silver Forecast: XAG/USD trapped in a $0.10 range around $18.60
Silver prices are on the defensive, on the broad strength of the US dollar. The US housing market is crumbling as the Fed continues to hike rates aggressively. Silver Price Forecast (XAG/USD): The price of silver remains range bound, but is tilting lower. the price of silver remains moderate, posting minimal losses late in the […]
Silver Price Analysis: XAGUSD maintains modest intraday gains, still below the $19.00 level
Silver gains some positive traction on Wednesday, although it lacks continuation buying. The bearish setup supports the prospects for fresh selling at higher levels. Sustained strength above the $19.40 to $19.50 zone is needed to negate the downtrend. the price of the silver (XAG/USD) moves higher on Wednesday, although it has no bullish conviction and […]
Silver Price Analysis: XAG/USD bulls look to break through strong resistance at $19.00
The price of silver rises for the second consecutive day and moves away from the low of two years. The situation favors the bears and supports the possibility of further selling. Sustained strength above the $19.50 area is needed to negate the short-term negative bias. Silver gains some positive traction for the second day in […]