Page 70 - Agusd News Today

6/9/2021 7:52:05 AM GMT | By FXStreet Insights Team Silver (XAG/USD) stays rangebound and is seen at risk of near-term underperformance to gold, as the Credit Suisse analyst team notes. Silver to extend its consolidation phase “Silver extends its lengthy consolidation phase and we see scope for this to extend for quite a while further yet.”  “With a multi-year base completed last year though this is seen as a temporary phase ahead of the core trend...

Silver has again failed ahead of Fibonacci retracement at $28.73 as XAG/USD is seeing some profit-taking. Karen Jones, Team Head FICC Technical Analys

5/27/2021 11:02:34 AM GMT | By FXStreet Insights Team Silver attracted some dip-buying near the lower end of its weekly trading range, around the $27.45 region and refreshed daily tops during the early part of the European session. Economists at Credit Suisse continue to look for the XAG/USD consolidation to be eventually resolved higher. XAG/USD to resume its uptrend once above $30.10/72 “Silver extends its choppy consolidation but with a multi-year ba...

5/25/2021 11:59:24 AM GMT | By Haresh Menghani Silver witnessed fresh selling on Tuesday and erased the previous day’s positive move. Mixed oscillators on hourly/daily charts warrant caution before placing directional bets. Sustained weakness below the $27.50 confluence is needed to confirm a bearish break. Silver edged lower through the mid-European session and dropped to the $27.55 area in the last hour, erasing the previous days positive move. The do...

5/24/2021 8:58:49 AM GMT | By Haresh Menghani Silver surrendered modest intraday gains to the $27.75 region. Mixed oscillators warrant some caution for aggressive traders. Silver struggled to preserve its modest intraday gains and quickly retreated back to the lower end of its daily trading range, around the $27.55 region during the first half of the European session. Despite the pullback, the XAG/USD, so far, has managed to hold above one-week lows, arou...

; Silver Price Analysis: XAG/USD’s path of least resistance appears to the downside – Confluence DetectorNEWS | 5/20/2021 9:04:54 AM GMT | By Dhwani Mehta Silver price is once again witnessing two-way movements so far this Thursday, although remains capped below the $28 mark. The upside attempts in the white metals appear limited, thanks to the revival of the Fed’s tapering expectations and China’s crackdown to stabilize the commodities market. S...

5/19/2021 9:55:58 AM GMT | By Haresh Menghani Silver extended the overnight retracement slide and witnessed heavy selling on Wednesday. Mixed oscillators warrant some caution before confirming that the metal has formed a top. A sustained move back above the $28.25-30 region will negate any near-term negative bias. Silver witnessed some heavy selling on Wednesday and extended the previous days retracement slide from the highest level since early February. ...

5/19/2021 9:18:37 AM GMT | By FXStreet Insights Team Silver (XAG/USD) has reached Fibonacci retracement at $28.73 – this is seen as the last defence for the 30.09 2021 high, as Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes. XAG/USD underpinned by the $25.65 level “Silver has reached $28.73, the 78.6% retracement (Tuesday’s high was $28.80). This is regarded as the last defence for the $30.09 1st February high.”  �...

Silver Price Analysis: XAG/USD looks to build on intraday bounce from $25.80-75 support zoneNEWS | 5/3/2021 10:09:59 AM GMT | By Haresh Menghani Silver attracted some dip-buying on Monday and climbed back above the $26.00 mark. The recent price action now seemed to constitute the formation of a rectangle pattern. A sustained break through the trading range needed to confirm the near-term direction. Silver managed to defend the $25.80-75 strong horizontal...

; Silver Price Analysis: XAG/USD holds steady above the lower end of a short-term trading rangeNEWS | 4/30/2021 11:51:14 AM GMT | By Haresh Menghani Silver edged lower for the third consecutive session on Friday, though lacked follow-through. The recent price action constitutes the formation of a rectangle pattern on short-term charts. Weakness below $25.75-70 will mark a bearish break and set the stage for a further decline. Silver failed to capitalize ...