Silver continues to see choppy and volatile trading in the early Asian session, fueled by random tweet and headlines coming out of the war.
Silver (XAG) bounces as Powell cools rate fears, but $74.63 is the line in the sand. See why this level decides the next move in the silver market.
Silver price today: Silver rises, according to FXStreet data
Silver price strengthened notably as a sharp pullback in US Treasury yields provided fresh support for precious metals, with markets reassessing Federal Reserve policy outlook following yesterday's comments from Chair Jerome Powell. The decline in yields, alongside softer rate expectations, has eased pressure on non-yielding assets, giving Silver the “oxygen” to rebound and push toward key resistance at 74.52.
Silver Price Forecast: XAG/USD trades above $72.00; bears retain control below 100-day SMA
Silver Price Forecast: XAG/USD jumps above $73 as Trump shows readiness for peace with Iran
Silver Price Forecast: XAG/USD floats near $70 capped by 100-day SMA
Silver faces resistance at 10- and 100-day moving averages, with bearish momentum rising; a break below key levels could extend the downtrend toward $51.88.
Volatility continues to be the biggest issue you will face in the silver market at the moment.
Silver Price Forecast: XAG/USD remains capped below 100-day SMA, downside risks persist
Silver price today: Silver rises, according to FXStreet data
Silver prices remain under pressure as weak industrial demand and slowing growth outlook keep rallies limited. See why downside risks may continue this week.