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Silver: Extends Rally Toward $39 as Dollar Weakens
Silver has rallied quite nicely during the Wednesday trading session as we continue to see the US dollar struggle just a bit. Ultimately, this is a market that given enough time will probably try to get to higher levels, with the first area of interest as far as I can see being the $39 level as it is a large, round, psychologically significant figure. Beyond that, I would be looking at the crucial $40 level, an area that obviously is a large, round, psychologically significant figure, and an area that previously had offered a massive amount of resistance. Underneath, I see the $37.50 level as potential support, and ... (full story)
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From fxstreet.com | Aug 14, 2025
Silver (XAG/USD) edges lower on Thursday, snapping a two-day losing streak as stronger-than-expected US Producer Price Index (PPI) and upbeat Jobless Claims data bolster the US Dollar. At the time of writing, the metal is trading near $38.00 during the American session, down nearly 1.30% on the day. Earlier in the Asian session, XAG/USD struggled to sustain ...
The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month ...
The precious metals market hasn’t done that much since I posted my gold price forecast for August 2025, so today’s issue will be a supplement rather than a major update – there’s simply nothing to update. One thing that I’d like to update you on is that the GDX ended yesterday’s session lower (just a $0.14 decline - but it’s still a decline), and this ...
