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Silver Price Prediction – Silver prices move higher despite a stronger US dollar

From fxempire.com

Silver prices traded higher on Monday despite rising yields and a stronger dollar. However, the precious metal still has a bearish outlook as prices remain pressured around multi-month lows. The dollar extended gains to two-decade highs as investors place bets on a stronger dollar. Benchmark yields slightly lowered as investors await economic data. The ten-year yield slid by 3 basis points today. Gold prices fell sharply as investors develop greater bearish sentiment. A stronger dollar underpins bearish gold prices. Oil prices moved higher on Monday as European diplomats showed optimism regarding an agreement about a ... (full story)

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  • Category: Technical Analysis