Silver price surges, surpassing $30.00 after finding support at its 200-day Simple Moving Average (SMA). A potential pullback is suggested by a tweezers-top formation near the day's high. Resistance is seen at $30.40, with support at $28.78.
Silver rebounds from the 200-day SMA at $29.89, breaking past the $30 mark. A tweezers-top formation observed at the day’s high of $30.38, suggests potential pullback. Resistance and support are set at $30.40 and $28.78, respectively, with eyes on movements toward $31.00. Silver price posts solid gains as it bounces off the 200-day Simple Moving Average of $29.89 and climbs past the $30.00 threshold, up by 0.43% at the time of writing.
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.
Silver XAG/USD Price Forecast Technical Analysis Resistance Support
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 Dips Near $30 Amid Strong Bond Yields and Hawkish Fed SignalsSilver prices declined on Tuesday, approaching $30.20, due to persistent high bond yields and expectations of a hawkish stance from the Federal Reserve.
Read more »
Court Receiver Recovers Nearly $30 Million in Utah Silver Ponzi SchemeA court-appointed receiver has made significant progress in recovering funds from a silver Ponzi scheme that defrauded hundreds of investors across the country.
Read more »
Silver Price Forecast: XAG/USD retains negative bias below $30.00The Silver price (XAG/USD) extends the recovery to near $29.60 during the early Asian session on Monday, bolstered by the softer-than-expected US November Personal Consumption Expenditures (PCE) Price Index inflation data.
Read more »
Silver Price Rebounds Despite Rising Bond YieldsSilver prices increased to near $29.90 despite rising US bond yields. This surge comes as Fed officials indicated support for fewer interest rate cuts in 2025.
Read more »
Silver Price Forecast: XAG/USD rises to near $30.00 due to safe-haven demandSilver price (XAG/USD) extends its winning streak for the sixth successive day, trading around $29.90 during the Asian hours on Friday.
Read more »
NYC ad agency titans Omnicom and Interpublic to form $30 billion marketing powerhouseOmnicom is buying Interpublic Group in a stock-for-stock deal that will create an advertising powerhouse with combined annual revenue of almost $26 billion.
Read more »