Silver prices are back under pressure, with spot silver (XAG/USD) slipping below $36.00 after an overnight high near $36.85. The move comes on the heels of a risk-on wave in equity markets and a stronger U.S. dollar, both of which clipped the metal’s recent bullish momentum. Risk Appetite Trims Silver’s Shine as $36 Slips Silver…
The escalating tension in the Middle East is driving strong safe-haven assets such as the white metal. Silver prices are holding strong within different geopolitical factors that have lasted for months and are still ongoing, starting from the Russia-Ukraine war and the US-China relations, which are playing a key role in influencing the overall market…
The escalating geopolitical tensions in the Middle East and the weaker US Dollar support the white metal. Silver price attracts some buyers to reach the $36.30 level during the Asian session today. All eyes are on the data will be released later on Thursday: the US producer price index and the US initial jobless claims….
During the Asian trading session on Thursday, the silver price (XAGUSD) rose to near $32.60 per troy ounce, gaining ground for the third trading session. Nowadays, precious metals are attracting investors amid the rising geopolitical tensions and growing concerns about the fiscal policy of the United States. Factors that fueled silver prices to rally: The…
Silver price permits a bullish outlook today on Tuesday, 13th May, and it extended its gains to be trading at the time of writing, almost $33.00 per troy ounce. According to the technical outlook of this precious metal, XAGUSD, it continues to trade within an ascending channel pattern. Technically, the silver price is trading now…
