Silver Price Forecast: XAG/USD rises above $70 despite Iran war escalates
Silver (XAG/USD) struggles near the lower end of one-week-old range, holds above $68.00
Silver Price Analysis: Rebound capped below $70 with downside risks intact
Defense and aerospace silver consumption is real, growing, and entirely absent from the standard supply-demand models. Here is what the data actually shows.
Silver price climbs on geopolitical jitters, faces drag from higher yields
Silver continues to see a lot of noisy behavior on Friday, as traders continue to struggle with higher interest rates, and of course overall fear. The rising US dollar continues to cause issues as well.
Silver is struggling around the $70 level as higher interest rates and geopolitical headlines keep pressure on the metal and limit upside momentum.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD consolidates above $68.00; 100-SMA breakdown remains in play
Silver price slides as safe-haven Dollar, higher yields outweigh geopolitical support
The silver market drops again on Thursday, as interest rate markets in the US and Europe are driving everything. A non-yielding asset such as silver will continue to have issues in this environment.
As can be observed on the XAG/USD chart, the price of silver has once again dropped below the psychological $70 level. At the same time, this week has been marked by sharp fluctuations: on Monday, prices traded below $65, while as recently as yesterday, silver reached $74 per ounce.