Silver price (XAG/USD) extended a sell-off below the crucial support of $23.00 in the last European session. The white metal drops to near $22.80 as t
Silver price corrects sharply below $23.00 after recovery in the US Dollar and bond yields. Investors’ risk appetite improves as Israel’s ground assault in Gaza delays. Silver price corrects sharply after facing stiff barricades near the supply zone placed in a range of $23.67-23.80. he US Dollar and bond yields rebound sharply ahead of crucial US economic readings. S&P500 futures added stellar gains in the London session, portraying a revival in the risk appetite of the market participants.
1% growth rate recorded earlier. An upbeat Q3 GDP report would elevate expectations of one more interest rate hike from the Federal Reserve . Silver technical analysis Silver price corrects sharply after facing stiff barricades near the supply zone placed in a range of $23.67-23.80 on a two-hour scale. The white metal drops to near the 100-period Exponential Moving Average , which trades around $22.80. The Relative Strength Index slips into the 40.00-60.00 range from the bullish range of 60.
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