silver

Technical Analysis – Silver eases below 7-month high; bullish in near term

Posted on February 21, 2019 at 2:24 pm GMT

Silver retreated after jumping towards a new seven-month high of 16.20 during Wednesday’s session. The bullish picture in the very short-term looks to last for a while longer as prices remain above the 20- and 40-simple moving averages (SMAs). Also, the price failed to slip below the red Tenkan-sen line and is holding above the Ichimoku cloud. Technically, in the daily timeframe, the RSI lies in positive area and is falling, however the MACD oscillator printed a bullish cross with its trigger line [..]

Commodities outlook 2019: Will precious metals shine?

Posted on January 14, 2019 at 2:13 pm GMT

The commodities complex had a particularly volatile run in 2018, with flaring trade tensions, mounting concerns around slowing global growth, and a stronger US dollar being behind the abysmal performance of most commodities. In 2019, the outlook will hinge mainly on how the trade dispute plays out, with precious metals likely to perform well in case global risks remain pronounced, and the dollar soft. Plethora of market risks could keep gold in fashion Admittedly, gold had a rocky year in [..]

Technical Analysis – Silver pauses negative tendency, creating neutral phase

Posted on December 6, 2018 at 2:32 pm GMT

Silver has been consolidating since August 15 and has been stuck in a sideways channel. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the preceding month. Resistance was met at around 14.90 region and significant support at 13.90, forcing the price to remain in a range. Technical indicators confirm this view with the RSI approaching the 50 level with weak momentum and the MACD [..]

Technical Analysis – Silver consolidates near 1-year lows; bearish in long term

Posted on August 31, 2018 at 1:34 pm GMT

Silver turned increasingly bearish after it dropped below the 16.00 key-level, the bottom of its range-bound trading recorded between early February and mid-June, printing lower lows and lower highs until it reached one-year lows at 14.31 on August 16. Since then, the market has been moving sideways, with the RSI and the MACD supporting that chances for a bull market are minimal in the short-term; the RSI is negatively sloped below 50 and the MACD holds steady marginally above its [..]

US Open Preview – Pound finds some buyers amid “smooth Brexit” speculation

Posted on July 9, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: Sterling opened with a positive gap today, following news that the UK Brexit Secretary, David Davis, has resigned. UK Prime Minister Theresa May appeared to have agreed with her cabinet on the Brexit plan on Friday. On Monday, pound/dollar advanced by 0.42%, rising to a 3-week high of 1.3362, with Dominic Raab being appointed new Brexit Minister. The US dollar underperformed on Friday and Monday against a basket of six major currencies, as the US jobs report was [..]

Silver remains unfazed by the equity turmoil, for now – Commodity News

Posted on February 13, 2018 at 4:13 pm GMT

Much like its big brother gold, silver has had a muted response to the recent stock volatility. Not only has the metal not rallied, it has actually fallen over the past couple of weeks, even despite the sharp drops in major global equity indices. That said, the longer this uncertainty and the turmoil last, the more likely it becomes that investors will seek the safety of haven assets, and that silver could come back into fashion. Those looking for a [..]

Technical Analysis – Silver dips below 16.73; more downside move is expected

Posted on February 7, 2018 at 2:48 pm GMT

Silver has come under pressure since Tuesday’s session, in the short-term timeframe. The price slipped below the 16.73 barrier and continues the strong bearish movement. As a side note, the precious metal has been trading within a descending triangle since July 2016. In the short-term timeframe, technically, the bias is bearish. Momentum indicators are also endorsing the decline. The MACD oscillator entered the negative territory, while the RSI indicator is heading lower below the 50 level. If price action remains below 16.73 (immediate resistance), there [..]

Technical Analysis – Silver struggles below symmetrical triangle again; more gains are expected

Posted on January 31, 2018 at 3:12 pm GMT

Silver has come under strong pressure over the last trading days, in the short to medium-term timeframe, following the pullback on the 17.70 resistance level. The price penetrated to the upside of the symmetrical triangle that was holding since July 2017 and ended several days above the descending trend line. However, on Monday, the price slipped again below the diagonal line. From the technical point of view, the white metal is developing above the short-term 20 and 40 simple moving averages, and is endorsing again [..]

Technical Analysis – Silver remains under pressure; maintains short-term bearish bias

Posted on January 10, 2018 at 10:51 am GMT

Silver has come under pressure over the last couple of days, in the short to medium-term timeframe, following the sharp bullish rally in the previous days where the price touched a two-week high of 17.25. The price plummeted more than 1.5% in the last two bearish daily sessions and during European trading today, it hit the 50.0% Fibonacci retracement level of the last down-leg with the high at 18.19 and the low at 15.60. The aforementioned Fibonacci mark stands near the 16.87 price level. If price [..]

Technical Analysis – Silver consolidates near the bottom of descending triangle

Posted on December 22, 2017 at 1:11 pm GMT

Silver has not had a clear tendency since June 2016 as the price has been trading in a broad descending triangle with the downtrend line starting from the $21.10 resistance level and forming a significant support barrier near $15.60. In the short term, prices have moved to the lower level of the triangle, though they have firmed up this week. The price has made a recovery to the upside, following the bounce from the $15.60 barrier. But, XAGUSD is still developing beneath the $16.31 resistance level and if the [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.