Silver is likely to follow gold higher. The price of silver continues its gradual rise even as sellers continue to bombard the white metal around the key resistance zone of $15.8-$15.9 per troy ounce. Our calculations st…
The price of silver continues its gradual rise even as sellers continue to bombard the white metal around the key resistance zone of $15.8-$15.9 per troy ounce.
Our calculations strongly suggest that further upside awaits silver and the next move could be sharp as bulls take out sellers in the resistance zone.
The latest short-term buy trend has begun in Mid-February as price found support around $15.5 per troy ounce.
It is important to note that the price of silver is rising along with both gold and the USD, which is very positive for the short-term bullish outlook.
We expect silver to tests resistance around $16.2 per troy ounce area and possibly break higher.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
