Silver Price Analysis: XAG/USD strengthens and rallies past $19.00

From fxstreet.com

Silver prices have extended Thursday’s rebound from $18.30 lows on Friday, breaking beyond $19.00 and reaching one-week highs at $19.30 so far. The precious metal appreciates more than 3% on the day, retracing half of the ground lost on the previous week’s sell-off. A news report by the Wall Street Journal has suggested Federal Reserve officials are open to debate on how to signal a smaller rate hike in December. This has offset the positive impact of the bank’s representative’s hawkish rhetoric and sent the US dollar tumbling across the board. Furthermore, an alleged intervention by the Bank of Japan and the ... (full story)