Silver attracted some buying down near the $ 24.00 region on the first day of a new week. Mixed oscillators on hourly / daily charts warrant caution before placing new bullish bets. A sustained move above $ 25.55-60 is needed to confirm a short-term positive bias. Silver has managed to recoup its intraday losses to […]
Tag: XAGUSD
Silver recovers towards 200 DMA and returns above $ 24.50 amid falling yields
Silver rallied above $ 24.50 and is heading towards its 200 DMA around $ 24.78. Falling US government bond yields was the main driver of the rise in precious metal prices on Thursday. Silver Spot Prices (XAG / USD) They have been at the forefront since the start of European trading, with prices recently breaking […]
XAG / USD moves around 23.6% Fibonacci, still vulnerable
Silver gains some positive traction for the second day in a row on Thursday. Bearish oscillators on the daily and 4-hour charts support the outlook for further weakness. Any significant move to the upside could sell and remain capped near $ 25.00. Silver (XAG / USDD) is moving higher for the second day in a […]
Silver falls sharply below the 200 DMA towards the $ 24.00 level
Spot silver has been firmly on the defensive in recent trade, dropping below the 200 DMA and towards $ 24.00. Rising US government bond yields and a stronger US dollar are weighing on the precious metal markets. Silver Spot Prices (XAG / USD) have tumbled in recent trading, and precious metals lost their grip on […]
Silver consolidates near $ 25.00 ahead of key data next week
Spot silver is currently consolidating near $ 25.00 amid mixed signals from the currency and bond markets. The precious metal is moderate ahead of next week’s key risk events, including US ISM and NFP manufacturing. Silver Spot Prices (XAG / USD), which are currently trading down about 0.2% but have been oscillating between gains and […]
Silver rebounds aggressively from 200 DMA, fails to hold at $ 25.00
Silver has been volatile for the past few hours, falling from $ 25.00 to $ 24.40 and vice versa. The selling pressure in the precious metals markets seems to be mainly due to the gradual and continuous rise of the USD. Silver Spot (XAG / USD) It has been volatile for the last few hours […]
Silver bounces off $ 25.00 despite stronger USD, probably driven by profit taking
Spot silver rose even higher on Wednesday despite a stronger US dollar, likely as a result of profit-taking. XAG / USD prices bounced off $ 25.00 and are currently trading almost 5.0% lower for the week. Despite an ongoing recovery in the US dollar’s fortunes on Wednesday, silver spot prices (XAG / USD) they hold […]
XAG / USD targets further losses from break below $ 24.75 – Commerzbank
Silver (XAG / USD) is currently on the defensive and attention is on the 200-day moving average at $ 24.75 and the January low at $ 21.87, reports Karen Jones of Commerzbank. Key statements: “Silver has recently flopped at $ 26.69 and attention is on the 200-day moving average at $ 24.75. This is exposed […]
XAG / USD Recovers From Daily Lows, Additional Losses Likely
Silver falls for the second day in a row on Tuesday. Additional losses are likely towards $ 25 if the support at $ 25.40 does not hold. Initial resistance for the XAG / USD sits around $ 25.80. The pair XAG / USD it lost nearly 2% on Monday and hit its lowest level in […]
XAG / USD Bounce Stops At 21-Hour SMA, $ 25.00 Support At Risk
Silver is trying to bounce back after holding at the $ 25.50 level. Acceptance above the 21-hour SMA is critical to generating additional profit. The RSI remains bearish, pointing to a shallow rally in XAG / USD. Silver (XAG / USD) is attempting a small bounce at the start of the European session on Tuesday, […]