Silver Price Forecast: Silver (XAG/USD) trades at $62, showing a corrective reaction, as the last two days’ rally was looking overextended. The 4-hour Relative Strength Index (14) is pulling back from overbought levels but remains in bullish territory, and the Moving Average Convergence Divergence (MACD) indicator is above zero, all in all showing that buyers retain control.
Commodity Market
US Dollar Tumbles as ‘Sell America’ Trade Returns | USD Forecast 06 August 2026
USD Forecast 06 August 2026: Growing skepticism toward the Fed’s policy is reviving the “Sell America” trade, which first gained momentum after Donald Trump introduced the highest tariffs since the 1930s. Comments from Kevin Warsh and Scott Bessent have reinforced this sentiment. Let’s analyze the situation and develop a trading plan for the EUR/USD pair.
Aluminium Price Outlook 2026: Recovery After Correction as Supply Risks Grow
Aluminium Price Outlook 2026: After scaling a record high of around ₹393 per kg on the MCX during the first week of June, aluminium prices witnessed a healthy correction to nearly ₹330 per kg amid profit-booking and easing concerns over immediate supply disruptions. A similar price action has witnessed on the key global markets as well. However, the metal is once again showing signs of strength, with prices attempting to break through the important resistance zones.
Gold and Silver Prices Drop Up to 1% on MCX Ahead of US Fed Policy Decision
Gold and silver prices fell up to 1% in early deals on the MCX on Tuesday, 28 July 2026, mirroring weak global cues. Precious metals witnessed profit-taking as the dollar index hovered near 101.5 ahead of the US Federal Reserve’s monetary policy decision on 29 July 2026.
Why Gold Price Dropped Today: War Fears & Crude Oil Impact
Find out why spot gold prices dropped sharply today after hitting a 2-week high. Learn how the Middle East conflict and rising Brent Crude affect gold in India.