Silver prices remained at familiar levels on Monday, printing minimal losses of 0.28% as US Treasury bond yields from the belly and long-end curve edged higher.
Silver holds near familiar levels, trading at $30.69 with minimal losses of 0.28%. Technical analysis suggests possible pullback below $30.50 before resuming the uptrend. Key resistance levels at $31.00 and $31.75, with potential to reach YTD high of $32.51. At the time of writing, the XAG/USD traded at $30.69 after hitting daily highs of $31.08 a troy ounce. XAG/USD Price Analysis: Technical outlook Silver consolidates beneath $31.
Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar behaves as the asset is priced in dollars .
XAGUSD Technical Analysis Silver
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Analysis: XAG/USD tumbles and remains bearish below $29.00Silver price fell on Wednesday as market participants awaited the release of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure (PCE) Price Index, after releases from major countries hinted at a reacceleration of inflation.
Read more »
Silver Price Analysis: XAG/USD collapses below 50-DMA as surrenders $29.00Silver price collapsed on Tuesday amid a strong US Dollar, sponsored by hawkish comments by Fed Governor Michelle Bowman.
Read more »
Silver Price Analysis: XAG/USD consolidates around below $31.00 despite falling US yieldsThe grey metal registered minimal gains on Wednesday as Silver has been consolidating within the $30.50-$31.00 range since Tuesday.
Read more »
Silver Price Analysis: XAG/USD rebounds as bulls target $29.00Silver price stages a comeback on Thursday and erases yesterday’s losses of 0.46%.
Read more »
Silver Price Analysis: XAG/USD prints a leg-up despite remaining bearishSilver prices remain flat on Monday amid firm US Treasury yields and a weaker US Dollar.
Read more »
Silver Price Analysis: XAG/USD skyrockets over 3% and surpasses $30.00Silver price rallied sharply for the second straight day and climbed past $30.00 on Thursday amid elevated US Treasury bond yields and a stronger US Dollar.
Read more »