Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated Silver struggles due to a stronger US Dollar and rising Treasury yields. Silver prices (XAG/USD) experiences a third consecutive day […]
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) […]
Silver price attracts sellers as recent US data reinforces the odds of nominal rate cuts by the Fed. The US Dollar receives support as Treasury yields continue to gain ground. The downside of the Silver could be restrained due to political uncertainty around the US presidential election. Silver price (XAG/USD) is under pressure as the […]
XAG/USD drops over 1% to $31.60 after reaching a yearly high of $32.71 earlier in the week. Failure to close above $31.75 could see Silver trading between $31.00 and $31.70, with potential for further weakness. A break above $32.00 may lead to retesting the YTD high of $32.71, with $33.00 as the next key resistance […]
Silver price drops to near $31.60 with US core PCE inflation taking center stage. The US core PCE price index accelerated to 2.7% in August year-on-year. Investors expect the Fed to reduce interest rates further by 75 bps in the remainder of the year. Silver price (XAG/USD) extends its correction to near $31.60 in Friday’s […]
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 […]
Silver price appreciates as weak US labor data raises the odds of a Fed rate cut at its September meeting. CME FedWatch Tool suggests fully pricing in at least a 25 basis point Fed rate cut in September. Chicago Fed President Goolsbee stated that Fed officials are starting to align with the broader market’s sentiment […]
Silver price faces pressures in extending its upside above $30.00 as US bond yields surge. The Fed seems prepared to cut interest rates in September. Investors keenly await the US core PCE inflation data for July. Silver price (XAG/USD) struggles to extend its upside above the psychological resistance of $30.00 in Tuesday’s New York session. […]
Silver price weakens as the US Dollar and bond yields recover. The Fed is expected to cut interest rates by 50 bps in September. Investors’ concerns over Silver’s demand as a metal have deepened. Silver price (XAG/USD) skids below the crucial support of $27.00 in Tuesday’s European session. The white metal weakens as investors worry […]
Silver price refreshes weekly high at $29.20 as weak US NFP data sends US yields down. The US NFP report showed that labor demand has slowed and wage growth has softened. Investors see the Fed pivoting to policy normalization in September. Silver price (XAG/USD) posts a fresh weekly high at $29.20 in Friday’s North American […]
Silver price becomes flat after the release of the better-than-expected US JOLTS Job Openings data for June. US employers posted fresh 8.18 million vacancies. The Fed is expected to leave interest rates steady for eighth straight time. Silver price (XAG/USD) surrenders its intraday gains and falls slightly below $28.00 in Tuesday’s New York session. The […]
Silver posts 0.31% gain, finishing the week with over 4% losses. Technical outlook indicates potential deeper correction if prices drop below $27.00. Resistance seen at $28.91 if silver rallies past $28.00, with next stop above $29.00. Silver ended its two-day losing streak yet finished the week with losses of more than 4%, as investors booked […]
