Silver Price Outlook: XAG/USD drops close to $42.00 as investors prepare for Fed rate announcement
Silver Price Overview Silver prices are projected to be around $42.05 during the Asian session on Wednesday. The white metal is experiencing a decline as traders seek profits amidst easing US-China tensions. Economists anticipate a 25 basis point rate cut from the Fed following their two-day meeting on Wednesday. The price of silver (XAG/USD) is […]
Silver Price Outlook: XAG/USD reaches new 14-year peaks above $42.00
Silver prices are likely to gain traction with increasing expectations of three Federal Reserve rate cuts by the end of this year. A weak US labor market is expected to support multiple Fed rate reductions in 2025. Demand for silver as a safe haven has climbed due to ongoing geopolitical tensions around the world. The […]
Silver Price Outlook: XAG/USD falls below $39.00 ahead of US PCE inflation report
Silver prices saw some selling pressure around $38.80 during early European trading on Friday, marking a 0.52% decline for the day. The US GDP has shown stronger growth than previously estimated in the second quarter. Speculations about a possible rate cut by the Fed might lessen some of the negative impacts on silver prices. On […]
Silver Price Outlook: XAG/USD stays at $39.00, targets multi-year high
Silver Market Update Silver is stabilizing around $39.00 after hitting a monthly peak of $39.12 early in the day. Despite some amusing GDP data, the US dollar remains under pressure, benefiting non-yielding assets like silver. XAG/USD is seeing bullish breaks above key moving averages after successfully retesting a triangle pattern. Silver (XAG/USD) found itself consolidating […]
Silver price outlook: XAG/USD pulls back a bit, potential for buying on the dip
Silver faces challenges after a modest session in Asia. Hourly RSI might signal opportunities for profit. A favorable setup could encourage dip buying. Silver (XAG/USD) experienced a slight dip after nearly three weeks at highs during Thursday’s Asian session, trading around the mid-$38.00 range, reflecting a small increase of about 0.10% for the day. The […]
Silver Price Outlook: XAG/USD seeks to break above $38.20 resistance
For the second consecutive day, the silver market is navigating the challenges of high-scale and downward trendlines. This technical landscape supports the possibility of a significant breakout past the aforementioned barriers. Buyers may consider modified pullbacks below $38.00 as remaining shielded. Silver (XAG/USD) is experiencing a positive upswing for the second day in a row, […]
Silver Price Outlook: XAG/USD drops close to $38.00 with US-China tariff deadline approaching
Silver prices retreat to around $38.10 during Monday’s Asian trading session. Traders are keeping close tabs on updates regarding US-China trade negotiations before looming deadlines. Increased expectations of Federal Reserve rate cuts might help mitigate silver’s losses. On Monday, Silver Price (XAG/USD) is set to break a six-day winning streak as it encounters selling pressure, […]
Silver Price Outlook: XAG/USD climbs past $38.00 with renewed trade worries
Silver prices could attract buyers near $38.05 during the early European session on Thursday. Uncertainties about tariffs and evolving trade concerns are bolstering silver’s appeal as a safe asset. Investors are anticipating the release of US weekly unemployment claims and statements from Federal Reserve officials later today. The price of silver (XAG/USD) is likely to […]
Silver Price Prediction: XAG/USD falls below upward channel support, attention on NFP
Currently, silver is priced at around $36.50, reflecting a drop of over 4.5% this week after peaking at $39.53 on July 23, its highest point since 2014. The prices have dipped below the support levels of previously ascending channels, indicating a loss of momentum and signaling a potential weekly decline, the largest since March. The […]
Silver Price Prediction: XAG/USD hovers around $38.00 as traders look for Fed’s decision
Silver is stabilizing around the 20-day SMA at $37.88, approaching significant support that reflects some uncertainty. The RSI is showing a bullish but flat trend, indicating a lack of momentum as everyone waits for the Fed’s rate decision. If it moves up, $39.00 is the next target, with $38.50 also in sight. On the downside, […]