Silver trades below 50-day SMA at $31.37; $30.84 support is key for preventing deeper pullback. Bearish momentum persists with RSI in seller’s territory, favoring near-term downside. A close above $31.50 needed for bullish recovery, targeting $31.75 and potentially $32.00. Silver retreated from two-day highs of $32.00 and tumbled below the 50-day Simple Moving Average (SMA) […]
Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 331.06 Saudi Riyals (SAR) per gram, up compared with the SAR 330.39 it cost on Friday. The price for Gold increased to SAR 3,861.28 per tola from SAR 3,853.64 per tola on friday. Unit measure […]
Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 382.88 Malaysian Ringgits (MYR) per gram, down compared with the MYR 385.08 it cost on Friday. The price for Gold decreased to MYR 4,465.78 per tola from MYR 4,491.55 per tola on friday. Unit measure Gold […]
Silver jumps over 4%, hitting a four-month peak of $32.26. Bullish technical stance as RSI indicates continued upside potential for XAG/USD. Potential breakout above $32.26 could target the year-to-date high of $32.51, with further resistance at $33.00 and October 2012 peak of $35.40. Downside supports are at $32.00, followed by the September 20 high of […]
Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 303.60 Saudi Riyals (SAR) per gram, up compared with the SAR 303.06 it cost on Wednesday. The price for Gold increased to SAR 3,541.14 per tola from SAR 3,534.86 per tola a day earlier. Unit […]
While Gold continues to hover near all-time highs, price action is actually weakening uptrend signals’ strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes. Price action is weakening uptrend signals’ strength “A break below the $2,490/oz range can now catalyze selling activity that could ultimately […]
Silver price today: falls on August 19
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Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $28.93 per troy ounce, down 0.36% from the $29.03 it cost on Friday. Silver prices have increased by 21.57% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.93 1 Gram 0.93 The Gold/Silver ratio, which […]
CTA buying supports Platinum – TDS
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Large-scale CTA buying activity may have supported Platinum markets last session, but signs of buying exhaustion could now morph into selling activity, TDS Senior Commodity Strategist Daniel Ghali notes. Palladium may still jump higher “Prices will now have to rally towards $995/oz to keep CTAs from shedding some of their recently added length, and a big downtape […]
We expect notable CTA buying activity in Copper markets this session to set the stage for subsequent buying exhaustion, TDS senior commodity strategist Daniel Ghali notes. CTA buying activity in Copper to slow down “CTA trend followers will now be tapped out without a substantial rally propelling Copper prices back towards the $9,800/t mark. The […]
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 4,512.63 Philippine Pesos (PHP) per gram, down compared with the PHP 4,527.93 it cost on Monday. The price for Gold decreased to PHP 52,634.40 per tola from PHP 52,812.93 per tola a day earlier. Unit measure […]
Gold: New record highs – Commerzbank
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Following the slump at the beginning of the week, the price of Gold has risen again to almost $2,430 per troy ounce, Commerzbank’s commodity strategist Barbara Lambrecht notes. Gold is set to remain in demand “The Gold price was unable to benefit from the turbulence at the start of the week. On the contrary, the […]
The prices of precious metals have recovered, Commerzbank’s commodity strategist Carsten Fritsch notes. Precious metals prices go up “Silver is trading at $27.5 per troy ounce again. Platinum is priced at $940 per troy ounce and Palladium at $930 per troy ounce. While Silver and Platinum have so far only regained some of their losses, […]
