Gold and Silver rebounded notably today as oil prices extended their sharp decline and markets cautiously increased bets that at least a US-Iran ceasefire expansion/extension may be approaching.
Silver Price Forecasts: XAG/USD eases below $78.00 but maintains a mild bullish stance
Spot Silver slid as Fed rate-cut delays, weaker gold, and a firm dollar outweighed lower Treasury yields near the key 50-day MA.
Silver Price Forecast: XAG/USD remains range-bound with RSI and MACD signaling weak momentum
The silver market has pulled back a little on Friday, despite the fact that interest rates have slipped a bit as well. That being said, this is a market that I believe will continue to be somewhat rangebound.
Gold and silver prices are approaching critical technical support levels as U.S. bond yields and crude oil prices weaken, while the U.S. dollar index remains resilient above 99. Razan Hilal, Market Analyst at FOREX.com, explains how dollar strength, falling yields, and shifting geopolitical expectations are reshaping the outlook for precious metals and increasing the risk of either a major rebound or a deeper correction across gold and silver markets.
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD struggles around $76 amid US-Iran deal uncertainty
Silver Price Forecast: XAG/USD remains subdued near $76.00 due to US-Iran uncertainty
Silver has endured a violent reversal in the past two weeks, swinging from near $90 to the mid-$70s as geopolitical panic surrounding the Iran conflict intensified and then eased sharply. The initial steep decline was fueled by fears of an imminent US strike on Iran earlier in the week and a potential collapse of the fragile ceasefire framework, which sent Brent crude above $111.
Silver Price Forecast: XAG/USD fails near 23.6% Fibo. and slides back to $76.00
Silver Price Analysis: Consolidates near $76.50 as RSI hints at upside