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Gold and silver have both benefitted from a weaker dollar but silver is the standout of the two metals. Gold consolidating at stern resistance, silver continues higher
Gold has solid levels to watch on two different time-frames; silver is caught between strong support and resistance.
Gold Price & Silver Technical Analysis: XAU at Big Support, XAG Nearing It 2021-02-05 13:30:00 Paul Robinson, Strategist Gold/Silver Technical Outlook Silver has a nice technical landscape, near March trend-line Advertisement Gold, silver both trading near support levels The precious metal space has been under pressure in recent sessions, with gold price declining over 2% in yesterday’s session. The decline has major long-term support back in play around the 1800-mark. It is a level that dates back to th...
Silver futures rise 1.65% to Rs 67,992 per kg as dollar retreats from two-month high The spot gold-silver ratio currently stands at 67.87 to 1 indicating that silver has outperformed gold. Silver Silver prices soared to Rs 67,992 per kg on February 5 as participants increased their long positions as seen by the open interest. The precious metal had declined 2.4 percent yesterday on the COMEX. The white metal extended gains after opening gap up to trade at day’s high in the afternoon session tracking gains in gold and a weak dollar. Silver prices were also supported by the positive economic ...
Precious metals have fallen out of favor, and that may continue for a bit while longer; the long-term charts though still look constructive.