Silver price (XAG/USD) trades sideways below $22.00 and seems gathering strength for a fresh upside as Middle East tensions have improved appeal for t
Silver price trades sideways below $22.00 as Middle East tensions improve appeal for safe-haven assets. The US Dollar remains under pressure as Fed policymakers support keeping interest rates steady. Silver price turns sideways in a range of $21.40-22.00 after an upside move. he safe-haven assets. The white metal is well expected to move higher as the US Dollar Index is struggling for a firm footing after neutral interest rate guidance from Federal Reserve policymakers.
IMF chief economist Pierre Gourinchas said on Tuesday, that the “IMF research indicates a 10% increase in Oil prices would weigh down on global output by about 0.2% in the following year, boost global inflation by about 0.4%.” Silver technical analysis Silver price turns sideways in a range of $21.40-22.00 after an upside move. The precious metal got strengthened after a breakout of the consolidation formed in a range of $20.70-21.40. The 50-period Exponential Moving Average at $21.
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 retreats from one-week high, seems vulnerable below $22.00Silver comes under some renewed selling pressure on Tuesday and for now, seems to have snapped a two-day winning streak to a one-week high, around the
Read more »
Silver Price Analysis: XAG/USD struggles to find acceptance above $22.00, retreats from one-week topSilver builds on Friday's breakout momentum through a multi-day-old trading range and gains strong follow-through traction for the second successive d
Read more »
Silver Price Analysis: XAG/USD recovers after Fed’s Logan words, US yields plungeOn Monday, the Silver Spot price XAG/USD gained momentum, mainly driven by US yields taking a big hit after Federal Reserve’s Lorie K. Logan hinted at
Read more »
USD/MXN Price Analysis: Consolidates in a range around 18.20 area, just below 38.2% Fibo.The USD/MXN pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading range, around the 18.20 region through the As
Read more »
NZD/USD Price Analysis: Remains below two-week high amid modest USD strengthThe NZD/USD pair reverses an intraday dip to levels just below the 0.6000 psychological mark and turns neutral during the first half of the European s
Read more »
Average San Diego County gas price drops below $6The average price of a gallon of self-serve regular gasoline in San Diego County decreased to $5.971 on Sunday. This is the first time it has been under $6…
Read more »