Silver Price Forecast: XAG/USD corrects $66.30 amid caution ahead of US NFP data
Gold and silver prices are recovering as rate hike expectations ease, while the U.S. jobs report could determine whether both metals break above key resistance levels.
Silver Price Forecast: XAG/USD trades below $67.00 amid mixed setup as US NFP looms
Silver Price Forecast: XAG eyes 100-day SMA after Waller rally
Silver prices rallied as Waller and Williams weakened the September rate-hike trade, sending XAGUSD into resistance at $68.17 ahead of payrolls.
Silver is hovering around the 200-day EMA as traders await Friday's jobs report. A hotter reading could pressure silver, while cooler data could send the market sharply higher.
TL;DR: Silver has rebounded from 63.27 as the macro pressures behind its selloff simply stopped worsening, not reversed — leaving the 62.54–62.92 support cluster as the line that decides whether this is the start of the next leg higher or just a pause before deeper support is tested.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD struggles to extend upside above $66.25, NFP data awaited
Silver Price Forecast: XAG/USD extends gains as US Dollar falls further, NFP comes into focus
Silver continues to look for reasons to rally, with the Wednesday session looking to bounce back so far. Momentum will be something the market needs to find, though.
Peru's Antamina produced 62% less zinc last quarter, not because the orebody ran out but because the mine plan called for copper, and the silver in that ore left with it.