Silver (XAG) Forecast: Silver Bounces, But Traders Wait on Core PCE for Price Prediction Clarity
From fxempire.com
{chart} Silver prices ticked higher mid-session Thursday, finding support at $36.30 as traders assessed diverging signals from the broader metals complex and macro landscape. The market rebounded off Tuesday’s low at $35.28, stabilizing within a $2.04 trading range defined by $37.32 resistance and strong support from former tops at $35.40 to $34.87. Gold Retreats on U.S. Inflation, Fed Tone Remains Restrictive: {chart} Gold lost ground after early-week gains, reversing below its 50-day moving average at $3325.10. The pullback followed a sharp 16.4% jump in U.S. durable goods orders—led by transportation—combined with ...
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