Silver price returned to the upside on Monday, snapping a successive two-session decline. The greyish metal traded at $30.06 per ounce at the spot market after gaining 0.6% amid mounting risk aversion across the markets. Breaching the psychological $30 resistance is a boost for the XAGUSD momentum, and the underlying momentum signals that it could…
Silver price broke a three-session losing streak on Wednesday, going up by 0.2% to trade at $33.77 at the time of writing. The greyish metal mirrored the performance of its rich cousin, gold, which hovered near its all-time-high price set earlier in the week. The momentum is driven by risk aversion in financial markets as…
Silver price was down on Thursday as investors digested the Federal Reserve’s decision to keep interest rates in the 4.25%-4.50% range. The XAGUSD pair was at $33.29, down by 1.5% at press time, recording the second successive day of decline as the US dollar strengthens. However, there remains two key sources of support for silver…
Silver price declined slightly on Monday as traders waited for US Retail Sales data. The greyish metal traded at $33.67 in the European trading session, down by 0.4%, marginally down from the four-month highs of $34.08 set on Friday. Safe haven assets have been attracting buyers on the back of rising trade barriers among some…
Silver (XAG/USD) is holding strong above $32.00, continuing its bullish momentum as risk-off sentiment supports safe-haven assets. The metal has managed to recover from recent pullbacks and is now testing key resistance levels, with traders eyeing the next upside targets. Technical Analysis: Key Support and Resistance Levels Immediate Resistance: $32.98 Major Resistance: $34.84 Immediate Support:…
Silver price returned to the upside on Wednesday, inching up by 0.1% to trade at $32.76 during the European trading session. The US economy printed out weak Consumer Confidence data on Tuesday, signaling an underlying weakness. The February Consumer Confidence was 98.3, missing the consensus figure of 102.1 and down from January’s 105.3. With the…
Silver price rose for the second successive day on Friday, trading at $32.96 per ounce in the European session after inching up by 0.03%. The gray metal has been on a strong uptrend this year, and has gained 14% year-to-date. With that, it has beaten its richer cousin, gold, which has risen by 12% YTD….
Silver (XAG/USD) is pushing higher, trading around $32.98 per ounce, as bullish momentum continues. The precious metal has benefited from strong investor demand, geopolitical uncertainties, and growing expectations of a Fed rate cut later in 2025. However, silver remains volatile, recently spiking to $34.00 before retracing. The question now is whether XAG/USD can extend its…
Silver price was down in the European trading session on Wednesday, its fourth loss-making session in the last five days. Despite the pilling global trade tariff wars driving investors to safe haven assets, low industrial demand for silver has brought pressure on the commodity’s price. XAGUSD was at $37.18 at the time of writing, down…
Silver price rose for the third successive session on Wednesday, mirroring its cousin gold’s trajectory as appetite grows for safe haven assets. The metal hit three-month highs of $32.47 during the European session, with a risk-off sentiment ruling the market amid rising tensions over a potential global trade tariff war. Gold price rose to all-time…
