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Silver (XAG) Forecast: Will Silver’s Supply Deficit Spark the Next Rally? – FX Empire

Industrial demand remains the main driver, with consumption increasing by 7% in 2024. Silver's important role in renewable energy, electric vehicles, and electronics continues to expand. Projections suggest that by 2050, solar panel manufacturing alone could consume nearly all of annual silver production. With new mining projects limited and much of the available high-grade silver […]

Gold Price Forecast: Targeting Rise to 20-Day Moving Average at 2,644 – FX Empire

Testing previous trend support as resistance Notice that from Monday to Wednesday of this week, the line was near the resistance of the day's high. Therefore, if the bearish trigger from Wednesday is a follow-through to the downside, gold could see resistance near the 20-day moving average and then turn lower. The lower target level […]

Gold Price Forecast: Bearish Correction Deepens – FX Empire

Lower target beckons There are some signs that gold could fall further before the correction is complete. As an example, we attempted a bullish breakout of the descending parallel trend channel on December 10th, but it quickly faltered, leading to a decline below the highest channel line. A failed pattern can result in a sharp […]