Silver Price Forecast: XAG/USD struggles at the 100-DMA and trips down toward $19.20 – by christianborjon Silver XAGUSD Metals Macroeconomics Fed
during the week will be busy. Tier 1 info includes Tuesday’s Conference Board Consumer Confidence. On Thursday, the US Bureau of Economics will release the Advanced GDP reading ahead of Friday’s unveiling of the Fed’s favorite gauge of inflation, the PCE.XAG/USD remains neutral-to-downward biased, further cemented by the failure to crack the 100-day EMA, which was a difficult supply zone to hurdle; hence XAG/USD fell. However, XAG/USD buyers leaned on the 20-day EMA at around $19.
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