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…
With modern cars using more silver than ever in theiradvanced technology components, the worldwideautomotive sector could need nearly 90 million ounces(Moz) annually of the metal by 2025, according to arecently-published report by the Silver Institute.In four years, silver consumption in the automotivesector should rival that of the photovoltaic industry,forecast to reach 98 Moz in 2025,…
Silver failed to settle above the 50 EMA at $24.55 and is trying to gain downside momentum. Silver Failed To Gain Upside Momentum Despite Weaker U.S. Dollar Silver continues to trade below the 50 EMA at $24.55 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index failed…
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