Silver Price Equal Off with Notable Support
See the Webinar Calendar for a schedule of upcoming live events with Paul or any of the other DailyFX analysts.
Last week, we looked beyond just the price action in silver to seek further clarity on where it was headed. While silver was continuing to channel its way higher, gold was coiling up into a triangle; one which has since resolved upward and along with it silver pushed into a key area of resistance. The area surrounding 18.50 has been high on our radar for a while now; to be more precise the very bottom of resistance clocks in at 18.40, right about where it’s trading now. The general zone around 18.50 comes by way of the swing low created in August, which set the tone later on in November. Prior to the U.S. presidential election several attempts to close above the August level were rejected, with daily closes falling just above or beneath the 18.50 mark.
Trump's economic policy Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...
Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...
Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
But... read more ...
The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...
BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
read more ...