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.
kitco silver
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 Tips Today Rocking 61540 to 62200 Full Target Hit – Neal Bhai
MCX Silver Tips Today Rocking 61540 to 62200 Full Target Hit – Neal Bhai
It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce.
Silver Prices Could Rise to $25 over 6-12 months – Outperforming Gold
Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.
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.
Spot Silver Day Trading Range : Sell on Rise Trend Down / MCX Silver Day Trading Zone: Selling on Rise Resistance @45233
Silver prices settled flat as traders paid close attention to the latest developments on the Sino-U.S. trade front after U.S. President Donald Trump warned China that he may raise tariffs even higher.