Silver (XAG/USD) reverses an intraday slide to the $30.75 area and climbs to the top end of its daily range during the early part of the European session on Tuesday.
Silver attracts some dip-buyers near the $30.75 area, albeit it lacks bullish conviction. The mixed technical setup warrants caution before placing aggressive directional bets. A sustained move and acceptance above $32.00 will be seen as a fresh trigger for bulls. Silver reverses an intraday slide to the $30.75 area and climbs to the top end of its daily range during the early part of the European session on Tuesday.
It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Commodities Technical Analysis XAGUSD Silver
United States Latest News, United States 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 seems vulnerable, break below $31.00 awaitedSilver (XAG/USD) extends its retracement slide from the vicinity of the $33.00 mark, or the highest level since December 2012 touched last week and remains under heavy selling pressure for the second straight day on Tuesday.
Read more »
Silver Price Analysis: XAG/USD holds above $32.00 mark, seems poised to appreciate furtherSilver (XAG/USD) attracts buyers for the fourth successive day on Friday and trades near the top end of its weekly range, above the $32.00 mark during the Asian session.
Read more »
Silver Price Analysis: XAG/USD retakes $31.00 mark, seems poised to climb furtherSilver (XAG/USD) regains positive traction following the previous day's modest downfall and climbs back above the $31.00 mark during the Asian session on Tuesday.
Read more »
Silver Price Analysis: XAG/USD climbs closer to mid-$30.00s, seems poised to appreciate furtherSilver (XAG/USD) regains positive traction during the Asian session on Thursday and moves further away from the weekly low, around the $29.70 area touched the previous day.
Read more »
Silver Price Forecast: XAG/USD consolidates below $31 with Fed policy in focusSilver price (XAG/USD) stays in tight range below the crucial resistance of $31.00 in Tuesday’s North American session.
Read more »
Silver Price Forecast: XAG/USD pares intraday losses, down a little below $32.00 markSilver (XAG/USD) extends the overnight modest pullback from the $32.70 area, or its highest level since December 2012 and remains under some selling pressure during the Asian session on Friday.
Read more »