Silver's price consolidated for the second straight day, within the $29.70-$30.10 area on Tuesday, yet printed gains of 0.24%.
Silver holds above 50 and 100-DMAs, showing buyer strength, but momentum is diminishing. For uptrend continuation, a break above the August 26 peak of $30.18 is needed, aiming for $30.50 and July 17 high of $31.42. If gains below $30.00 aren't sustained, expect a pullback to supports at $29.22-$29.13 and key $29.00 level. Silver 's price consolidated for the second straight day, within the $29.70-$30.10 area on Tuesday, yet printed gains of 0.24%.
Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar behaves as the asset is priced in dollars .
XAGUSD Metals 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 Forecast: XAG/USD consolidates below $30 as investors await Fed minutesSilver price (XAG/USD) trades in a tight range below the psychological resistance of $30.00, with investors focusing on the Federal Open Market Committee (FOMC) minutes for the July monetary policy, which will be published at 18:00 GMT.
Baca lebih lajut »
Silver Price Forecast: XAG/USD rallies to near $30 on potential Fed rate cuts in SeptemberSilver price (XAG/USD) extends its winning spree for the fourth trading session on Tuesday.
Baca lebih lajut »
Silver Price Forecast: XAG/USD holds ground below $30.00 with a positive sentimentSilver price (XAG/USD) hovers around $29.90 per troy ounce during the Asian session on Monday.
Baca lebih lajut »
Silver Price Prediction: XAG/USD bulls might await sustained move beyond $30.00 markSilver (XAG/USD) regains positive traction during the Asian session on Wednesday and stalls the overnight modest pullback from the vicinity of the $30.00 psychological mark or over a one-month high.
Baca lebih lajut »
Palantir Surges After Strong Earnings - Is $30 Price Target Too Low?Stocks Analysis by MarketBeat.com (Chris Markoch) covering: S&P 500, Palantir Technologies Inc. Read MarketBeat.com (Chris Markoch)'s latest article on Investing.com
Baca lebih lajut »
Silver Price Forecast: XAG/USD remains below $29.00 despite rising geopolitical tensionsSilver price (XAG/USD) price holds minor losses, trading around $29.00 per troy ounce during Monday’s Asian session.
Baca lebih lajut »