
Silver Price Bounces from $65 as Bulls Eye $70 Resistance
Silver continues to look for reasons to rally, with the Wednesday session looking to bounce back so far. Momentum will be something the market needs to find, though.
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Silver continues to look for reasons to rally, with the Wednesday session looking to bounce back so far. Momentum will be something the market needs to find, though.

Gold sellers cautious amidst weak ADP numbers, NFP on radar

Gold bounced from $4,282.62 inside a key retracement zone Wednesday but yields near 4.8% and 68% September hike odds kept the rate trade in control of XAUUSD.

Peru's Antamina produced 62% less zinc last quarter, not because the orebody ran out but because the mine plan called for copper, and the silver in that ore left with it.

Euro stays under pressure against US Dollar despite softer ADP data

Silver depends on two Metals that just fell

Silver rebounds above $64 as weak US jobs data challenges hawkish Fed bets

The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.

GBPUSD fell below the support at 1.3520 which could lead to another drop towards the trend line support zone around 1.3400-25. From that zone a rebound will be expected with resistance at 1.3565.

Market selloff resumed yesterday while Gold managed to fell below support 4310. As we see over the chart, market facing resistance zone around 4345-75 where as long as market keep holding trades below it more drops will be expected toward 4200-20 support zone Above 4375 more advance toward 4475 is likely SUPPORT RESISTANCE LEVEL1 […]

USDJPY managed to resume the advance to close from the resistance at 160.85. If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely.

Pound Sterling Price News and Forecast: GBP/USD likely fall further towards 1.3420

The gold price has fallen below $4,310, but UniCredit sees structural demand lifting bullion into a $4,400–$5,200 range by year-end. The gold price has dropped below $4,310 an ounce after a 48-hour decline of almost 3%, placing UniCredit's upgraded forecast under immediate pressure.

Silver prices have fallen almost 5% in 48 hours, delivering analysts' expected correction and bringing a buy-the-dip call into focus. The silver price has fallen to $63.69 an ounce after an abrupt correction erased almost 5% from XAG/USD over 48 hours.

Gold declines as US-Iran escalation drives Oil prices, global bond yields higher