EUR/USD 1.18493
0.754%
Gold 3686.18
0.202%
Oil 64.112
1.754%
USD/JPY 146.500
-0.616%
GBP/USD 1.36512
0.395%
GBP/JPY 199.995
-0.217%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Rivian (RIVN.O): Expects to begin customer vehicle production in 2028 and plans to build the mid-size, five-passenger R2 SUV and R3 crossover. Once the second phase of construction is complete, the plant is expected to produce 400,000 vehicles annually.Rivian (RIVN.O) held a groundbreaking ceremony for its Georgia factory, which the company said represents a multi-billion dollar investment and is expected to create 7,500 jobs by 2030.Fitch: Ireland faces risks from US trade and tax policies, although the impact may be gradual.On Tuesday, September 16th, gold prices soared above $3,700 per ounce, hitting a new all-time high, driven by a weakening dollar and clear market expectations of an interest rate cut by the Federal Reserve. Eric Chia, a strategist at brokerage firm Exness, stated, "If the Feds policy guidance fails to meet market expectations of a dovish stance, gold may face selling pressure in the short term. However, as long as the Fed confirms multiple rate cuts, this will support the gold price rally and potentially propel it to new all-time highs." Furthermore, continued gold purchases by central banks, inflows into gold ETFs (exchange-traded funds), and geopolitical tensions, which have intensified demand for safe-haven and inflation-fighting assets, also contributed to the gold rally.Germanys DAX30 index closed down 397.68 points, or 1.68%, at 23,336.07 points on Tuesday, September 16; Britains FTSE 100 index closed down 86.48 points, or 0.93%, at 9,190.55 points on Tuesday, September 16; Frances CAC40 index closed down 78.71 points, or 1.00%, at 7,818.22 points on Tuesday, September 16; Europes The STOXX 50 index closed at 5,373.25 points on Tuesday, September 16, down 67.15 points, or 1.23%; the Spanish IBEX 35 index closed at 15,158.19 points on Tuesday, September 16, down 230.31 points, or 1.50%; and the Italian FTSE MIB index closed at 42,513.00 points on Tuesday, September 16, down 540.72 points, or 1.26%.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

 截屏2022-07-22 下午2.38.00.png

 

Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

The risk of loss in trading Derivatives is substantial, therefore you should only risk money you can afford to lose. Please make sure you fully understand the risks associated with trading Derivatives, and seek independent advice if required. Our Product Disclosure Statement (PDS) is available here on our site or upon request from our offices and should be reviewed prior to any transaction. Raw Spread accounts start with 0 pip spreads and a fee of $3.50 every 100,000 USD transacted. No extra fees or commissions are associated with the standard account's spreads starting at 1 pips. Indicator CFD spreads begin at 0.4 points. No part of this site may be accessed by users located in any nation or other jurisdiction where doing so would be a violation of local law or regulation.

 

It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


Suggestion