Silver gained after the biggest loss since August, with markets calming following the buying frenzy that sent prices to an eight-year high earlier this week.
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In Silver, Redditors Find a Fit for Raging Against Establishment
It seems a match made in heaven: Reddit’s rambunctious army of retail investors eager to take on the financial elites, and the world of silver “bugs,” hard-core metal bulls, many of whom have long argued the price was being suppressed by powerful forces.
Silver Eyes Deeper Correction Amid Descending Triangle Breakdown
Silver price extends its corrective downside below the $28 mark, having clocked eight-year highs at $30.06, in light of the retail-trade frenzy spurred by Reddit.
XAG/USD Analysis: Silver Prices Continue to Struggle
Silver prices continue to struggle so far this week despite a lackluster US Dollar. Since the monthly high on November 9, XAG/USD is down nearly 5%. Meanwhile, the US Dollar (DXY) gained only 0.25%. Generally precious metals, like gold and silver, tend to perform well during periods of USD weakness.
Silver Spot Support Zone $28 — $ 27.48 – Neal Bhai Reports
Silver Spot Support Zone $28 — $ 27.48, Target Price $29 — 29.80, September silver futures prices on MCX rose 0.4% to ₹69,135 per kg. In the previous session gold had surged ₹500 per 10 gram while silver had gained about ₹1,000 per kg. Gold prices in India had hit a record high of ₹56,200 on August 7 and since then prices have been volatile in tandem with movement in global rates.
Silver Price Rebounded From the Nearest Support Level at $26
Silver price continues to trade near $27.00 as the U.S. dollar is losing ground against a broad basket of currencies while gold tries to settle above the 20 EMA near $1950.
MCX SILVER BUY 44500—44450 STOP LOSS PAID TAGET 44600—44880 (INTRADAY + POSSTIONAL)
MCX SILVER BUY 44500—44450 STOP LOSS PAID TAGET 44600—44880 (INTRADAY + POSSTIONAL) – Silver ETFs also have been “extremely popular,” rising by just under 280 tons since the start of the month, Briesemann added.
Silver Price Prediction & Tips – Above $14.80 Buy 500 – 1000 Lots and Relaxxx – 05/June/2019 – Neal Bhai Reports
Silver Price Prediction & Tips – Above $14.80 Buy 500 – 1000 Lots and Relaxxx – 05/June/2019 – Neal Bhai Reports
Gold MCX Alert – Gold Strong Resistance 31820 – Neal Bhai Reports
Gold MCX Alert – Gold Strong Resistance 31820 – Neal Bhai Reports -Gold prices have stalled the upside since the past month after the market speculators trimmed the bets of interest rate cuts this year. The Fed’s slightly hawkish policy meeting last week pushed the dollar higher.