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Silver bears lurking at key 4-hour resistance
The price of silver was also pressured overnight on the rising greenback that corrected the start of the week's performance. XAG/USD lost grip falling from a high of $27.11 to low of $26.09 and ended down some 1.4% on the day. In Asia today, the price is trading at $26.5150 having travelled between a low of $26.42 and a high of $26.51. The price is flat in a quieter Asian session while in data from overnight, a wider-than-expected US trade deficit and smaller-than-expected increase in factory new orders impeded further dollar gains. The stock markets overnight took note of comments from US Treasury Secretary Janet ... (full story)