Sellers may dominate Silver market soon SILVER Price Analysis – 26 January When bulls support the $23.43 price level and the $24.33 resistance level is broken, silver’s price may rise, possibly reaching the $24.66 and $25.31 resistance levels. If sellers apply more pressure, Silver price might go as low as $22.93 and $22.15, below the […]
Silver price heading towards north SILVER Price Analysis – 29 December More selling pressure will lower the price below the $22 support level and might cause it to go as low as $21 and $20. When bulls defend the $22 price level, silver’s price may rise and break through the $23 resistance level, which might […]
XAGUSD Price Analysis – August 23 After plunging to lows of $22.87 at the beginning of the prior week, XAGUSD pulled off stunning comebacks to close at $24.02. In a risk-off environment, the US dollar has softened, pushing silver to an extended region. Coupled with significant macroeconomic data releases from the US, the latest COVID […]
XAGUSD Price Analysis – July 4 The Silver (XAG) sellers were unable to keep their price below the $25.00 level and began a new surge versus the US Dollar. The XAGUSD pair has moved into a positive zone after breaking through the mid $26.00 level. Silver is holding up while the dollar fell on Friday […]
XAGUSD Price Analysis – May 30 Silver (XAGUSD) is in an uptrend, with buyers controlling any dips and setting for a move higher to the $28.00 region. The price of silver is currently $27.93 per ounce, up 0.32 percent. The price of silver is being pulled downwards as the US dollar and Treasury yields strengthen. […]
Silver dropped in the short term, but the bias remains bullish. The price has found strong support, so it could start increasing again. A temporary drop was expected after reaching a strong resistance level. It’s trading in the green at 27.777 level at the moment of writing trying to approach the 28.000 psychological level. USD’s […]
XAGUSD Price Analysis – May 16 At the end of the prior session, the white metal turned positive away from weekly lows of $26.72 and shot to two-day highs, around $27.48 level. XAGUSD trend appears to be stacked in favor of buyers, implying that further advances are likely. Following worse-than-expected US results, the dollar fell […]
XAGUSD Price Analysis – May 9 Silver (XAG) surged to two-month highs of $27.67 to close at $27.45 on Friday, gaining nearly 20 percent for the week. As XAGUSD surges higher, buyers have eyes toward the mid $28 region. A major disappointment on the headline NFP number could explain Silver’s towards the end of the […]
Silver rallies at the time of writing and it stands at 25.449 level. The price has taken out the immediate obstacles signaling strong buyers. The price has developed a short-term rebound after the last massive sell-off. The current risk-off sentiment that dominates the markets could send Silver higher in the short term. XAG/USD H1 Chart […]
