Silver Price Forecast: XAG/USD drops sharply below the $18.50 mark on Fed’s aggressive tightening
Silver price slid almost 2% on Tuesday due to risk aversion. An improvement in consumer
Financial and Business News
Silver price slid almost 2% on Tuesday due to risk aversion. An improvement in consumer
Silver price prepares to finish the week with losses of 0.64%. Fed’s Chair Powell reiterated
Strategists at Credit Suisse maintain the view that silver (XAG/USD) has established a top. Nonetheless,
Silver has completed a large and significant top. However, the precious metal is now seeing
Gold is already under pressure again as the new week gets underway. As economists at
Gold has established above the $1,800 level. However, strategists at UBS expect the yellow metal
Silver was last seen trading around $24.30. Karen Jones, Team Head FICC Technical Analysis Research
Silver has eroded its four-month downtrend and 55-day moving average and is expected to rally
Gold remains range-bound within a $24 range, ahead of the Nonfarm Payrolls report. Market sentiment is
Silver’s correction higher has been thwarted by the 55-day moving average at $24.93. Karen Jones,