Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and erodes a part of its weekly gains registered over the past three days.
Silver drifts lower on Thursday and snaps a three-day winning streak to over a one-week high. The technical setup favors bulls and supports prospects for the emergence of some dip-buying. A convincing break and acceptance below the 100-day EMA would negate the positive outlook. Silver attracts some sellers during the Asian session on Thursday and erodes a part of its weekly gains registered over the past three days. The white metal currently trades above mid-$32.00s, down 0.
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. Which factors influence Silver prices? Silver prices can move due to a wide range of factors.
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 Forecast: XAG/USD rallies to near $33.20 amid geopolitical and trade worriesSilver price (XAG/USD) surges almost 1.5% to near $33.20 in European trading hours on Thursday.
Read more »
Silver Price Forecast: XAG/USD shows strength near $32 as global trade war escalatesSilver price (XAG/USD) trades 0.5% higher around $32.00 in North American trading hours on Tuesday.
Read more »
Silver Price Forecast: XAG/USD struggles around $32.40 while global trade war intensifiesSilver price (XAG/USD) struggles to extend its upside above the key resistance of $32.40 in Wednesday’s North American session.
Read more »
Silver Price Forecast: XAG/USD keeps the bullish vibe above $32.50Silver price (XAG/USD) drifts higher to around $32.70 during the Asian trading hours on Monday.
Read more »
Silver Price Forecast: XAG/USD keeps the bullish vibe above $31.50Silver price (XAG/USD) attracts some buyers to around $31.75, snapping the three-day losing streak during the Asian trading hours on Wednesday.
Read more »
Silver Price Forecast: XAG/USD maintains constructive outlook above $32.00Silver price (XAG/USD) extends its upside to around $32.15 during the early European session on Tuesday.
Read more »