Silver Price Forecast: XAG/USD pares hefty weekly gains below $22.00 amid mixed sentiment – by anilpanchal7 Silver XAGUSD RiskAversion Commodities Fed
er at the end of a volatile week amid a light calendar and mixed feelings. Even so, the XAG/USD appears well set to post the biggest weekly gain since the week starts from November 28.
The comments from Saudi National Bank's Chairman, Ammar Al Khudairy, conveying the “sound” conditions of Credit Suisse join the major US banks’ efforts to help California-based First Republic Bank to avoid a liquidity crunch to favor the risk-on mood.
While portraying the mood, US 10-year and two-year Treasury bond yields struggle for clear directions as the previous day’s rebound fails to supersede the two-week downtrend. However, Wall Street closed in the green with more than 1.0% gains by each of the benchmark indices while S&P 500 Futures print mild losses at the latest.
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