Silver price fell on Wednesday as market participants awaited the release of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure (PCE) Price Index, after releases from major countries hinted at a reacceleration of inflation.
Silver drops influenced by Fed's Core PCE Price Index anticipation. Last week's bearish engulfing pattern and RSI hint at more declines. Support levels: $28.28 , $28.00, $27.01 , $26.82 . Resistance points: $29.17 , $31.54 , $32.00, $32.51 . Silver price fell on Wednesday as market participants awaited the release of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure Price Index, after releases from major countries hinted at a reacceleration of inflation.
00 mark, followed by the May 8 swing low of $27.01, ahead of the 100-DMA at $26.82. Conversely, if XAG/USD resumes its uptrend, the next resistance level would be the 50-day moving average at $29.17. Surpassing this level would target the June 7 high of $31.54. Clearing this would aim for $32.00 before challenging the year-to-date high of $32.51. XAG/USD Price Action – Daily Chart XAG/USD Overview Today last price 28.77 Today Daily Change -0.14 Today Daily Change % -0.48 Today daily open 28.
XAGUSD Metals Technical Analysis Silver
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 surges above $31.50 amid thin tradingSilver prices rallied sharply on Monday, posting gains of more than 4%.
Les mer »
Silver Price Analysis: XAG/USD tumbles below $32.00 as ‘double top’ loomsSilver prices posted modest losses of 0.32% on Wednesday as US Treasury bond yields edged up, downward pressure on precious metals.
Les mer »
Silver Price Analysis: XAG/USD tanks towards $31.00 as ‘evening star’ emergesSilver prices dropped from daily highs that had reached around $32.09 earlier, even though US Treasury bond yields tumbled.
Les mer »
Silver Price Analysis: XAG/USD collapses below $30.00 as double top emergesSilver prices sank sharply on Tuesday amid falling US Treasury bond yields and a firm US dollar.
Les mer »
Silver Price Analysis: XAG/USD rises and tests ‘double top’ neckline around $30.00Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data.
Les mer »
Silver Price Analysis: XAG/USD bounces back but stays bearish below $30.00Silver price trims some of its losses from last Friday, yet it remains under pressure as US Treasury bond yields along the short and long end of the curve rise.
Les mer »