-
Silver Price Analysis: XAG/USD bears approach six-week-old support near $21.00
Silver (XAG/USD) stays on the back foot for the second consecutive day, taking offers at around $21.35, during Thursday‘s Asian session. In doing so, the bright metal extends the recent pullback amid failures to cross the short-term key hurdles. Also keeping sellers hopeful is the steady RSI (14). That said, the commodity prices drop towards an upward sloping support line from May 13, at $21.00 by the press time. However, the monthly low of $20.89 and May’s bottom surrounding $20.45 will challenge the quote’s further declines ahead of highlighting the $20.00 psychological magnet for bears. Alternatively, the ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From pmi.spglobal.com|Jun 22, 2022|1 commentToday sees the latest release of the au Jibun Bank Flash Japan Composite PMIŽ. Published on a monthly basis approximately one week before final PMI data are released, this makes ...
-
From oilprice.com|Jun 22, 2022Over the past few decades, the US-China relationship has evolved into more of a rivalry than anything else. This has left the United States eager to decouple from China on several ...
-
From business.nab.com.au|Jun 22, 2022podcast Recession or hard landing fears have taken a firmer hold on most markets in the past 24 hours. Benchmark government bond yields have fallen by 13-15bps in Europe and the ...
-
- Newer Stories
-
From channelnewsasia.com|Jun 22, 2022Japan's factory activity growth slowed in June as China's strict COVID-19 curbs took a toll on manufacturing demand, even as service sector sentiment hit a nearly nine-year high ...
-
From think.ing.com|Jun 22, 2022The oil market came under pressure with the rest of the commodities complex yesterday. ICE Brent traded as low as US$107.03/bbl at one stage. Growing fears over a recession have ...
-
From fxstreet.com|Jun 22, 2022Copper, prices on COMEX, have witnessed a steep fall in the Asian session. The base metal has surrendered the potential cushion of $3.90 and has renewed its 15-month low at $3.86. ...
- Story Stats
- Posted: Jun 22, 2022 8:53pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 138
