Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD slides to three-week low below $80 ahead of Fed's policy
Silver Price Forecast: XAG/USD bounces off two-week low; retakes $81.00 amid bearish setup
Silver under pressure as oil above $100 lifts inflation expectations and bond yields. Explore silver analysis, market sentiment, and the latest price prediction.
Silver surged over the past year after breaking a major long-term resistance level, while rising oil prices are increasing inflation risks and tightening financial conditions are raising concerns about an economic slowdown.
Oil above $100. The economy just lost 92,000 jobs.
Silver slides below $81 as US Dollar Index hits 3½-month high
Silver has a very noisy week as we go back and forth yet again, as the risk appetite continues to be the main factor in this market, as well as the US dollar.
Gold and silver prices face mounting pressure as the U.S. Dollar Index reclaims the 100 level, reinforcing a bullish technical structure and raising the risk of further downside in precious metals. Razan Hilal, Market Analyst at FOREX.com, outlines key support and resistance levels on DXY, gold, and silver, and explains how inflation dynamics and geopolitical tensions could reshape the longer-term outlook.
Silver continues to dance along the 50-day EMA as we are looking for the next move to play out. Keep in mind that silver is much more volatile than gold overall.
Silver remains trapped in a choppy range, with $90 as near-term resistance, $80 as key support, and a longer-term bullish bias still intact above $70.
Silver price today: Silver falls, according to FXStreet data