Silver
Unlike gold, the price of silver swings between its perceived role as a store of value and its role as an industrial metal. For this reason, price fluctuations in this market are more volatile than in the market for gold.
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XAG/USD corrects further to near $61 as oil prices attract bids
Silver price plummets to near $61.00 as oil prices find support. Iran’s attack on commercial ships transiting through Hormuz has…
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XAG/USD corrects to near $62, increasing bearish bets on oil prices limit downside
Silver price falls back to near $62 after a four-day winning streak. Hopes of further decline in oil prices are…
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XAG/USD rises above $62.50 as Fed rate hike bets ease
Silver stands to rebound strongly due to a less hawkish Fed, lower inflation risks, and depressed oil prices. Silver prices…
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XAG/USD rises above $60.00 amid less hawkish Fed tone
Silver rises as Fed Chair Kevin Warsh’s surprisingly less hawkish comments reduce the urgency for immediate interest rate hikes. Plunging…
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XAG/USD declines below $58 amid uncertainty over US-Iran peace prospects
Silver price declines below $58.00 amid doubts over the sustainability of US-Iran peace. The US negotiating team declines to meet…
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Silver Price Forecast: XAG breaks below $60, bears eye $55
Silver breaks below $60.00 this week, confirming a deeper bearish technical damage. RSI exits oversold territory, but sellers remain firmly…
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XAG/USD sees fresh down leg below $55.60 amid firm Fed rate hike bets
Silver price plunges to near $56.50 as Fed’s Williams warns of persistent inflationary pressures. The US core PCE inflation arrives…
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Silver Price – XAG/USD falls to near $56.50 amid rising Fed rate hike odds
Silver drops as rising Fed interest rate expectations, making the non-yielding metal less attractive. CME FedWatch tool indicates that markets…
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Trade of the Day – SILVER
Facts: Silver has broken below the $65 support zone . The market is pricing in a 51% probability of a…
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XAG/USD falls to near $63.00 as bearish bias persists
Silver price may find the primary support at the six-month low of $61.01. The 14-day Relative Strength Index at 34.64…
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