-
Silver: Threatened by US Dollar Strength
The $60 level in the silver market continues to be important, and as a result, this is an interesting day. Keep in mind, though, Friday will be trading without the Americans on board. Silver has rallied a bit during the early part of the trading session on Thursday, breaking well above the $60 level. The $60 level is an area that a lot of people will be paying close attention to as it is a psychologically important figure. But I also keep an eye on this market because there are a lot of moving crosscurrents at the moment, not the least of which would be the fact that there is a lot of demand for silver and a serious ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From vtmarkets.com | 20 hr ago
Silver climbed to the top of its weekly range as a weaker US Nonfarm Payrolls report pulled the US Dollar to a two-week low. XAG/USD was trading near $61.15, up almost 3.50% on the session, after the Bureau of Labor Statistics reported 57K jobs added in June versus expectations of 110K. May payrolls were revised down to 129K from 172K, while the Dollar ...
The U.S. dollar slips 0.3% against the yen, with USD/JPY trading at 160.57.
From tickmill.com | 13 hr ago
Preference: The price is falling toward the pivot at 4,086.91, a pullback support. A bounce from this level could lead the price toward the 1st resistance at 4,410.73, an overlap resistance. Alternative Scenario: If the price breaks below the pivot, it could fall to the 1st support at 4,037.21, an overlap support.
