Silver price (XAG/USD) is trading in the $24.750s on Friday, after touching the top of a multi-month range at roughly $25.700 and reversing lower.
Silver price rises up and tips the top of a long-term range before reversing lower. It has formed a Bearish Japanese candlestick pattern, enhancing the reversal thesis. A move back down to a cluster of MAs in the 23.000s is foreseen subject to a continuation of the weakness. Silver price is trading in the $24.750s on Friday, after touching the top of a multi-month range at roughly $25.700 and reversing lower.
Silver versus US Dollar: Daily chart The Moving Average Convergence/ Divergence momentum indicator is threatening to cross below its signal line, adding credence to the bearish reversal. The MACD is a particularly reliable indicator within range-bound markets and a cross would provide a good sell signal. If the pair breaks below 24.405 it will probably continue south to a potential target at the cluster of major moving averages, in the lower 23.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silver Price Analysis: XAG/USD edges high amidst risk-off impulse, shy of $24.50Silver climbs modestly as the New York session ends, registering gains of 0.60%, as XAG/USD trades at $24.46 after bottoming at around $24.24.
Les mer »
Silver Price Analysis: XAG/USD surges to new YTD highs, buyers’ eye $25.00Silver rallied sharply in the mid-North American session on Wednesday, climbing more than 3.40% amid high US Treasury bond yields, while the Greenback extended its losses by more than 0.20%.
Les mer »
Silver Price Analysis: XAG/USD bulls retain control near YTD peak, above $25.00 markSilver (XAG/USD) attracts fresh buyers following the previous day's modest slide and sticks to its gains near the YTD peak, above the $25.00 psychological mark through the early part of the European session on Friday.
Les mer »
Silver Price Analysis: XAG/USD retreats toward $25.00, forms a ‘bearish harami’ candle patternSilver's price dropped toward $25.00 a troy ounce on Monday as US Treasury bond yields rose ahead of the Federal Open Market Committee (FOMC) meeting.
Les mer »
Silver Price Analysis: XAG/USD moves away from YTD peak, slides below $25.00 markSilver (XAG/USD) remains under some selling pressure for the second successive day on Tuesday and retreats further from the YTD peak, around the $25.45 region touched last week.
Les mer »
Silver Price Analysis: XAG/USD finds some light ahead of Fed meetingIn Wednesday's session, the XAG/USD traded at $24.90, marking a 0.20% increase.
Les mer »