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Silver Price Analysis: XAG/USD renews eight-month high above $24.00
BySirhcSource: FXSTREET By Anil Panchal Silver price picks up bids to refresh multi-day high. Overbought RSI can challenge XAG/USD bulls, $24.75 in focus. Convergence of 21-DMA, bullish channel’s lower line highlights $22.70 as the key support. Silver price (XAG/USD) portrays an uptick to refresh the eight-month high at $24.30 during Wednesday’s Asian session. The bright metal…
Trade War Concerns Pressure U.S. Equities and Support Precious Metals
BySirhcGary Wagner Thursday February 07, 2019 18:13 Featuring views and opinions written by market professionals, not staff journalists. Commentaries & Views Share this article: The Chinese markets might be closed this week, however concerns about the continuation of our looming trade war continues. Resulting in U.S equities closing sharply lower today and as of 4:30 PM…
Silver Price Daily Forecast – Silver Failed To Gain Momentum Above $23.00
BySirhcSilver faced resistance at $23.25 and pulled back closer to $22.50. Silver Pulls Back After The Major Upside Move Silver made another attempt to gain momentum above $23.00 but faced resistance at $23.25 and pulled back as the U.S. dollar started to rebound against a broad basket of currencies while gold gained some ground in…
PRECIOUS-Gold eases in narrow range as traders eye economic data
BySirhcSource: Written by Arundhati Sarkar for Reuters Dec 21 (Reuters) – Gold prices eased in a tight range on Wednesday as the U.S. dollar firmed, although bullion was not far from a one-week high scaled in the previous session as traders looked ahead to impending economic data later this week. Spot gold XAU= fell 0.2% to $1,813.23 per ounce by 0957 GMT,…
Argentina Considers Dollarization
BySirhcCommentary: You know when your country has implemented terrible monetary policy when your fellow citizens consider the U.S. Dollar a safe haven… Could this be a pre-cursor to the United States currency? The publication Central Banking reported on April 27 that Argentina was importing its bank notes from several countries. On May 22 The Guardian newspaper reported Argentina’s newest…