Silver Prices

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.

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Silver MCX Tips Today

Silver MCX Tips Today – Silver 61000 To 62365 = 1400 Points Up – Seller Rona Mana Hai – Neal Bhai

Silver MCX Tips Today – Silver 61000 To 62365 = 1400 Points Up – Seller Rona Mana Hai – Neal Bhai

Silver yesterday settled up by 2.05% at 61145 largely due to safe-haven interest amid continued uncertainty about the pace of the economic recovery. The dollar’s weakness amid renewed optimism about a new coronavirus relief package supported uptick.

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MCX Silver Low 43702 Buy 100—500 Lots and Relaxxxxxx – Neal Bhai

MCX Silver Low 43702 Buy 100—500 Lots and Relaxxxxxx – Neal Bhai

Gold Silver Reports – The U.S. central bank slashed rates by 50 basis points, cutting rates outside the normal cycle of meetings for the first time since 2008. Speculation is rife that the European Central Bank will respond to the Fed’s “decisive” interest rate cut with easing of its own.

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