Silver price (XAG/USD) drifts higher to around $32.70 during the Asian trading hours on Monday.
Silver price gains ground to near $32.70 in Monday’s Asian session, up 0.45% on the day. The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator. The first upside barrier is seenat the $33.35-$33.40 region; the initial support level is located at $31.52. Silver price drifts higher to around $32.70 during the Asian trading hours on Monday. The weakening of the US Dollar provides some support to the USD-denominated commodity price.
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. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates.
XAGUSD Commodities Technical Analysis 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 remains depressed near $32.00; bullish bias remainsSilver (XAG/USD) attracts some sellers following an intraday uptick on Thursday and snaps a three-day winning streak to a three-month top, around the $32.55 region touched the previous day.
Read more »
Silver Price Forecast: XAG/USD trades with modest losses below $32.00; bullish bias remainsSilver (XAG/USD) attracts fresh sellers during the Asian session on Tuesday and drops back closer to the overnight swing low, around the $31.65-$31.60 area.
Read more »
Silver Price Forecast: XAG/USD drops below $30.50 as Trump policies seem inflationarySilver price (XAG/USD) has retraced its gains, trading around $30.30 per troy ounce during the Asian session on Monday.
Read more »
Silver Price Forecast: XAG/USD seems vulnerable near $30.00, ascending channel breakdown in playSilver (XAG/USD) struggles to capitalize on the previous day's bounce from the $29.70 area, or a nearly two-week low and ticks lower during the Asian session on Tuesday.
Read more »
Silver Price Forecast: XAG/USD looks to build on momentum beyond 100-day SMA/$31.00Silver (XAG/USD) gains positive traction for the third consecutive day and climbs to its highest level since December 13 during the first half of the European session.
Read more »
Silver Price Forecast: XAG/USD moves below $31.50 despite a persistent bullish biasSilver price (XAG/USD) halts its three-day winning streak, trading around $31.30 per troy ounce during Asian hours on Friday.
Read more »