Silver prices rose as Tuesday’s North American session finished, trading at $29.51 and registering gains of more than 0.20% at the time of writing.
Silver advanced 0.20%, after Powell's hawkish comments. Technicals: Uptrend within descending channel, potential 'double bottom' pattern. Resistance levels: $29.50, $30.84 , $32.29 , $32.51 . Support points: $29.00, $28.57 , $27.59 . The grey metal advanced as Fed Chair Jerome Powell delivered hawkish remarks in an ECB event in Portugal, where he acknowledged that the Fed’s dual mandate risks are more balanced.
Conversely, if XAG/USD falls below $29.00, the next support level would be the June 26 low of $28.57. Clearing this level could lead to a drop to the April 15 swing low of $27.59. XAG/USD Price Action – Daily Chart Economic Indicator Fed Interest Rate Decision The Federal Reserve deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment.
XAGUSD Technical Analysis Silver
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Silver Price Analysis: XAG/USD collapses below $30.00 as double top emergesSilver prices sank sharply on Tuesday amid falling US Treasury bond yields and a firm US dollar.
Baca lebih lajut »
Silver Price Analysis: XAG/USD rises and tests ‘double top’ neckline around $30.00Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data.
Baca lebih lajut »
Silver Price Analysis: XAG/USD bounces back but stays bearish below $30.00Silver price trims some of its losses from last Friday, yet it remains under pressure as US Treasury bond yields along the short and long end of the curve rise.
Baca lebih lajut »
Silver Price Analysis: XAG/USD drop as double-top chart pattern remains intactSilver prices retreated on Tuesday and fell 1.65% as the Greenback remained in the driver’s seat and posted gains of 0.15%, ahead of crucial data to be revealed on Wednesday.
Baca lebih lajut »
Silver Price Analysis: XAG/USD retreats from weekly highs around $30.00Silver prices registered solid gains of 1.45% on Wednesday, as the US Federal Reserve kept monetary policy unchanged while upwardly reviewing its inflation expectations and adjusted its estimates for the federal funds rate.
Baca lebih lajut »
Silver Price Analysis: XAG/USD slumps below $29.00 as bears eye 50-DMASilver prices registered losses of more than 2.40% on Thursday after the Federal Reserve held rates unchanged and hinted that they would likely cut once instead of the three foreseen in the March Summary of Economic Projections (SEP).
Baca lebih lajut »