Silver price (XAG/USD) recovers further to $30.60 in Thursday’s Asian session.
Silver price rises to $30.60 as US yields fall on backfoot amid firm Fed rate-cut bets. Fed rate-cut bets for September have been prompted by easing US labor market strength. Investors shift focus to the US NFP report for May for fresh guidance. Silver price recovers further to $30.60 in Thursday’s Asian session.
40 but holds the immediate support of 104.00. The next move in above-mentioned assets will be influenced by the US Nonfarm Payrolls report for May, which will be published on Friday. Silver technical analysis Silver price trades in a Rising Channel chart formation on a daily timeframe in which each pullback is considered as buying opportunity by market participants. Advancing 50 and 200-day Exponential Moving Averages around $28.63 and $25.
XAGUSD Fed NFP Supportresistance Silver
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