EUR/USD 1.15975
0.017%
Gold 4220.14
1.519%
Oil 59.392
0.687%
USD/JPY 156.174
-0.079%
GBP/USD 1.32322
-0.054%
GBP/JPY 206.655
-0.122%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
November 29th - European Central Bank President Christine Lagarde stated that current interest rates are in an appropriate range and the ECB is fully prepared for policy changes. "In my view, the interest rate levels set at the previous meetings were appropriate," Lagarde said in an interview. "Given that the inflation cycle is under control, we remain in a favorable position." When discussing risks to the inflation outlook, she noted that the scope of risks has narrowed, but if the US imposes additional tariffs or supply chains are disrupted again, prices could face renewed upward pressure.The Federal Reserve accepted a total of $7.561 billion from eight counterparties in its fixed-rate reverse repurchase operations.Iranian Foreign Minister Karas emphasized the importance of Iran maintaining contact and consultations with European parties to exchange views on the regional and international situation.Iranian Foreign Minister and EU High Representative for Foreign Affairs and Security Policy Karas discussed Iran-EU relations, regional and international situations.According to the U.S. Energy Information Administration (EIA), U.S. crude oil exports rose to 4.159 million barrels per day in September (up from 3.52 million barrels per day in August), gasoline exports fell to 772,000 barrels per day (up from 790,000 barrels per day in August), distillate fuel exports fell to 1.37 million barrels per day (up from 1.395 million barrels per day in August), and total refined product exports rose to 3.21 million barrels per day (up from 3.135 million barrels per day in August).

Forecast for the price of silver: Silver Markets Retrace the Early Gains

Alina Haynes

Jul 14, 2022 11:47

 截屏2022-06-06 下午5.54.42.png

 

During the trading session on Wednesday, silver markets started off a little stronger before giving back the early gains and beginning to deteriorate. Currently, silver is experiencing a lot of pessimism, and it won't be long until we break down below the bottom of the hammer from Tuesday's session, creating a significant selling opportunity. Although this market has been down for a long, I believe that if we do get a chance to rise, it will make for a good shorting opportunity.

 

Given that the $20 level has historically been a source of certain problems, it is important to pay special attention to this huge, round, psychologically significant number. In the end, I believe that this market will finally reverse all rallies. The $21 level should act as resistance if we break above there. The 50 Day EMA should also be closely monitored because it is a dynamic resistance and is giving out considerably less money. Many individuals will be very interested in.

 

You should only trade derivatives with funds you can afford to lose because doing so entails a significant level of risk to your investment. Trading derivatives may not be appropriate for all investors, so make sure you are fully aware of the risks and, if required, seek independent advice. Before engaging in a transaction with us, you should carefully review the Product Disclosure Statement (PDS), which is available on this website or upon request from our offices. Spreads starting at 0.0 pips are available with commission fees of USD $3.50 for every 100k transacted in raw spread accounts. Standard accounts provide spreads starting at 1 pip with no added commission fees. CFD index spreads begin at 0.4 points. Residents of any nation or jurisdiction where such distribution or usage would be in violation of local law or regulation are not the intended audience for the material on this website.

 

Since there won't be much demand for silver, which is clearly the case since the economy appears to be entering a recession, the metal will genuinely continue to struggle. Since the US dollar index has such a strong negative association to this chart and the US currency has been increasing as it has, you should pay special attention to it. I'm only searching for chances to sell silver at the moment.


Suggestion