Silver Price Forecast: Bears retain near-term control as RSI slips below 50
Silver continues to be noisy on Thursday, as traders are watching the interest rate markets closely. With this, the markets continue to see a lot of choppiness.
Silver prices fall as elevated Treasury yields and a firm U.S. dollar pressure the silver market and keep Fed-driven uncertainty in focus.
Silver Price Forecast: XAG/USD faces pressure near $76.60 as US yields rebound
Silver Price Analysis: Bullish harami forms, eyes on $80 breakout
Ultimately, I think the markets are likely to continue to see more of a sluggish performance as rates will continue to cause some issues going forward. As things stand, short-term moves are about as good as it gets.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD rebounds above $75, higher Treasury yields limit upside
Silver Price Forecast: XAG/USD remains calm above $73.50 as inflationary risks increase
Silver Price Forecast: XAG/USD steadies near $74.00; ascending channel breakdown in play
Precious metals surged higher last week, only to quickly reverse and drop due to weak price levels. It looked like metals were gaining control, with strong rallies reaching new two-month highs.
XAG/USD Price Forecast: Silver struggles below key moving averages amid hawkish Fed bets