Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD finds temporary support near $63.50; downside remains likely
Gold and silver remain under pressure before CPI data as a stronger U.S. dollar, rising oil prices and Fed rate hike expectations weigh on precious metals.
The silver squeeze has morphed into a silver swoon. Major supports have crumbled, momentum remains firmly bearish and a famil.
Silver Price Forecast: XAG/USD bears retain control near March lows, below $64.50
Silver Price Forecast: XAG/USD bears target $60 as selling pressure intensifies
The silver market continues to move around the crucial 200 Day EMA, as we are watching conflicting headlines coming out of the Middle East throw interest rates around. This continues to be a problem.
Silver prices consolidate near the 200-day MA as traders await CPI data and assess higher-for-longer Fed rate expectations.
Silver Price Forecast: XAG/USD holds gains above $68.50 despite ongoing bearish bias
Silver's sharp decline this week is about more than rising Fed hike expectations. By breaking decisively below the key $70 level, the metal may have altered one of the market's most widely accepted assumptions.
Silver tests key 200-day moving average support after a deep Fibonacci retracement, with price action now at a critical inflection point for trend direction.
Silver continues to hang around the crucial 200-day EMA on early Monday, as traders are on the precipice of defining the longer-term trend it seems.