Silver keeps posting lower highs since peaking at $33.70 last weekRecent price action is forming a descending triangle pattern, a bearish sign.XAG/USD: Below the $32.60-3270 support, the next targets are $32.15 and $31.70. Silver prices (XAG/USD) are paring losses during Friday’s European session. The pair has returned above the $33.00 level following a significant reversal
Precious metals are trading in mixed fashion this Friday, May 30, as market participants position ahead of the Core PCE Price Index report set to be released in the North American session. This data remains the Federal Reserve’s preferred inflation measure and holds strong potential to shift market sentiment across gold, silver, and platinum. Gold
(Tallahassee, Florida) – For the second time in recent years, new sound money legislation has become law in Florida. Governor Ron DeSantis signed H 999 this week, paving the way for the elimination of the Sunshine State’s remaining sales taxes on purchases of gold and silver coins, bars, and rounds. At present, Florida imposes sales taxes on smaller purchases involving most
It’s another up day in the USD Index and another down day in precious metals and copper. But that’s just the start. My today’s premium Gold Trading Alert covers many markets, but in this free analysis, I’ll focus on silver, copper, and world stocks. It all has implications for gold and mining stocks, anyway. Is
“Gold’s recent rebound reflects temporary relief,” said a senior commodities analyst at a leading bank. “However, with the dollar gaining traction from solid data, upside momentum is capped.” Despite this, traders continue to eye the Federal Reserve’s next steps. Markets are pricing in at least two 25-basis-point rate cuts by year-end, banking on easing inflationary
Gold, silver prices in your city, May 28: The commodity markets has seen prices slip amid a more steady international trade scenario, but despite the dips, experts note that gold and silver are safe haven investment options that can insulate your portfolios against the uncertain market forces. According to Manav Modi, Senior Analyst, Commodity Research
XAG/USD is down 0.70% after hitting a two-day low; bullish momentum remains intact above the 50-day SMA. Silver finds support at $32.77 as RSI indicates that bulls are still in control. Key resistance at $33.69 must be cleared to target $34.58 and $35.00. A daily close below $32.90 could open the path toward 100- and
Silver price depreciates as easing US-EU trade tension diminishes the safe-haven demand. The safe-haven demand for Silver may revive due to growing concerns over US debt issues. The non-yielding Silver may attract buyers due to reduced opportunity cost amid lower long-term US yields. Silver price (XAG/USD) loses ground after registering gains in the previous two
“Gold is caught in a tug-of-war between a weaker dollar, potential Fed easing, and geopolitical risks,” said Kelvin Wong, senior market analyst at OANDA Asia Pacific. Former President Trump’s decision to delay the imposition of 50% tariffs on European Union imports until July 9 provided short-term relief to market nerves, but the broader trade outlook
Executive Chairman Michael Williams of Aftermath Silver Ltd. (TSXV: AAG) provides a comprehensive analysis of current silver market dynamics and reveals how the precious metal’s relationship with gold is creating unique investment opportunities. In this interview, Williams breaks down the strategic vision driving Aftermath Silver’s operations and offers his expert perspective on the factors that