Silver prices retreated on Tuesday and fell 1.65% as the Greenback remained in the driver’s seat and posted gains of 0.15%, ahead of crucial data to be revealed on Wednesday.
Silver prices drop 1.65% as the US Dollar gains 0.15%. Double-top chart pattern indicates potential further decline, with key supports at $29.00 and below. US inflation data and FOMC decision on Wednesday poised to impact silver prices and the broader market. US inflation figures and the FOMC’s monetary policy decision would dictate the US Dollar's faith. The XAG/USD trades at $29.27 and gains some 0.12% as Wednesday’s Asian session begins.
74, and subsequently to the June 10, 2021, high of $28.34. The final target is the double top objective at $27.80. On the other hand, if XAG/USD moves upwards and closes above $29.00, it could challenge the May 24 low, which has turned into resistance at $30.05. Buyers are currently struggling to reclaim $30.00, which suggests potential for further downside. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 29.27 Today Daily Change -0.48 Today Daily Change % -1.
XAGUSD Metals Technical Analysis Silver
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silver Price Analysis: XAG/USD gains marginally, clings above $28.00Silver's price advanced 0.28% on Monday, courtesy of falling yields in US Treasuries and a softer US Dollar.
Lire la suite »
Silver Price Analysis: XAG/USD tests resistance at around $28.70 shy of reclaiming $29.00Silver's price moved higher late in the North American session due to lower US Treasury yields and a softer US Dollar.
Lire la suite »
Silver Price Analysis: XAG/USD rallies sharply as bulls’ target $30.00Silver’s rally continued Wednesday after a softer-than-expected Consumer Price Index (CPI) report in the United States (US) sent US yields tumbling, a tailwind for the precious metal.
Lire la suite »
Silver Price Analysis: XAG/USD rally pauses as ‘doji’ emerges as US yields climbSilver’s advancement paused on Thursday, as the grey metal posted minuscule losses of 0.04%, exchanging hands virtually unchanged.
Lire la suite »
Silver Price Analysis: XAG/USD edges up yet remains below $32.00Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
Lire la suite »
Silver Price Analysis: XAG/USD plunges below $31.00 amid Fed’s hawkish minutesSilver price tumbled more than 3.50% during the North American session after the Federal Reserve revealed “hawkish tilted” minutes that showed some officials would like to raise rates if inflation warranted it.
Lire la suite »