Silver price (XAG/USD) recovers further to $30.60 in Thursday’s Asian session.
Silver price rises to $30.60 as US yields fall on backfoot amid firm Fed rate-cut bets. Fed rate-cut bets for September have been prompted by easing US labor market strength. Investors shift focus to the US NFP report for May for fresh guidance. Silver price recovers further to $30.60 in Thursday’s Asian session.
40 but holds the immediate support of 104.00. The next move in above-mentioned assets will be influenced by the US Nonfarm Payrolls report for May, which will be published on Friday. Silver technical analysis Silver price trades in a Rising Channel chart formation on a daily timeframe in which each pullback is considered as buying opportunity by market participants. Advancing 50 and 200-day Exponential Moving Averages around $28.63 and $25.
XAGUSD Fed NFP Supportresistance 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 steadies below $30 ahead of US ISM Services PMISilver price (XAG/USD) fails to find direction and remains sideways below the psychological resistance of $30.00 despite the United States (US) Automatic Data Processing (ADP) has reported weaker-than-expected private payroll data for May.
Read more »
Silver Price Forecast: XAG/USD finds support near $30 but remains feeble amid firm US DollarSilver price (XAG/USD) finds temporary support near the psychological support of $30.00 in Friday’s European session after witnessing a sharp sell-off in the past two trading session.
Read more »
Silver Price Analysis: XAG/USD rises and tests ‘double top’ neckline around $30.00Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data.
Read more »
Silver Price Analysis: XAG/USD collapses below $30.00 as double top emergesSilver prices sank sharply on Tuesday amid falling US Treasury bond yields and a firm US dollar.
Read more »
Silver Price Forecast: XAG/USD falls to near $30.00 as Fed may maintain higher ratesSilver price extends losses to near $30.20 per troy ounce during the European trading session on Monday.
Read more »
Silver Price Analysis: XAG/USD plummets over 2%, bears target $30.00Silver price tumbled more than 2% on Thursday as economic data from the United States showed that business activity is faring well amid a high interest rates economy.
Read more »