Source: Investing.com | Kedia Advisory | Commodities News 2023-05-11 03:46 Silver yesterday settled down by -0.99% at 76688 as optimism over the Federal Reserve cutting interest rates this year faded after the U.S. inflation report, triggering profit-taking among some investors. The headline inflation rate in the US unexpectedly declined to a 3-year low of 4.9% in…
Source: The Economic Times | Markets | By Pawan Nahar Synopsis: Silver, other than being a precious metal, has more usage in the industrial sectors and thus, industrial demand also guides its movement. Furthermore, gold also holds influence over silver prices. Silver witnessed a roller-coaster ride in 2022, thanks to increased volatility in the bullion…
Silver struggles to keep week-start gap-up but snaps three-day losing streak. Bearish MACD, downbeat RSI joins sustained break of yearly support line, now resistance, to favor silver sellers. Yearly low, 200-day SMA will be a tough nut to crack for bears. Silver prices waver around $25.40, fading the initial run-up to $25.56, during Monday’s Asian…
Silver prices remain heavy near late January lows, currently down 0.23% around $25.30, during Friday’s Asian session. The white metal dropped the fresh bottom in multiple days after breaking an ascending trend line from November 30 the previous day. The bearish bias also gains support from the metal’s failure to recover from recent lows while…
Silver down over 1% to the lows of $25.63 on the day he drag in gold is also inadvertently having a negative pull on the likes of silver and platinum lately and we are seeing more of that today as well with silver having fallen to its lowest levels since 28 January below $26.The drop…
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