Silver price (XAG/USD) declines below the psychological support of $30.00 in Tuesday’s European session.
Silver price dives below $30 as the US Dollar recovers amid caution ahead of US NFP data. Market speculation for the Fed reducing interest rates in September improves. Silver price weakens after a Double Top breakdown. Silver price declines below the psychological support of $30.00 in Tuesday’s European session.
In today’s session, investors on the JOLTS Job Openings data for April, which will be published at 14:00 GMT. US employers are estimated to have posted 8.34 million jobs, lower than the prior reading of 8.49 million. Silver technical analysis Silver price weakens after a breakdown of the Double Top chart pattern formed on a four-hour timeframe. The chart formation was at multi-year high of $32.50 and it got triggered after breaking below May 24 low near $30.00.
XAGUSD Fed Dollarindex NFP Silver
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