XAG USD Overview

Silver prices have been in decline for the fifth consecutive trading session. By the time of writing, the precious metal was trading at $23.78/oz on Tuesday and could drop to $23.54/oz. The main reason for negativity in the precious metals market is the reappointment of Fed Chair Jerome Powell for a...

Gold prices are going up despite the strong dollar. By the time of writing, the precious metal was trading at $1,875 and is clearly heading for $1,885, from which the road to $1,900 will be open. Right now, there is only way for gold to move, and that’s up, since the prospects of rising US inflation...

Since late September, silver has been trending higher within an upward channel. During this time, price action has climbed from $ 21.41 to $ 24.83/oz (+16%). The local high was reached on October 22, after which the metal reverted to a correction. On Tuesday, November 2, silver broke out of the asce...

Silver prices are attempting to break out of the $22.30-23.22 sideways trend and rally on Wednesday. In case of consolidation above the $22.8 interim resistance level, the market will be able to push for $23. Today’s industrial production data looks mixed. On the one hand, the UK in August boosted i...

Given that silver’s primary use is industrial, it becomes clear that in the long term, it is worth focusing on the macroeconomics of industrial production in the United States and China, at the very least. According to the latest data, US industrial production climbed 0.4% MoM in August after rising...

Precious metals prices have been highly sensitive to the US macro data published this week. The more signals there are for the Fed to hold back on stimulus tapering, the more reason there will be for gold and silver prices to trend higher. Yesterday’s CPI data reflected an easing of inflationary pre...

Silver has been in correction mode on Monday and is moving away from the local bottom, with the commodity trading mostly at $23.50/oz. In terms of technical analysis, the price action could hover around $23.50 in line with the corrective rebound. Further, silver would need to consolidate around this...

The precious metals market is attempting to muster a recovery, but as long as the dollar remains strong, we can expect to see only a few sporadic attempts. All eyes are now on the greenback as the market awaits the release of the June jobs report, and the first signs look encouraging. Thus, the numb...

Silver prices have been consolidating in the range of $25.56-26.11/oz for four days while the market is undecided on which way to go. The side trend could be a little broader, in the range of $25.57-26.55. For an upward reversal, if you bet on the dollar returning to the back foot, silver will need ...

Gold is still going strong, trading up near a three-month high, but only due to a sharp dip in the US dollar. At the time of writing, the precious metal was hovering just shy of $1,837/oz and may well make a second attempt to test $1,850 if it manages to break out of the $1,846 resistance level. The...

Silver prices have been trending higher for the third day in a row on the back of positive gold dynamics. Precious metals support a local weakening of the US dollar, which happened after the rally in 10-year UST yields came to an end. At the time of writing, silver was trading at $26.27/oz, but for ...

The silver price is up for the fourth day in a row and now looks more resilient than gold, which is unusual. An ounce of silver on Thursday, January 21, was trading at $26.00. The immediate target of buyers is $26.30, and if the price action holds at a higher level, then the road to $26.83 will be o...