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XAG/USD traces fourth weekly gain in options market catalyst near $25.00, per Silver Price Analysis

Alina Haynes

Apr 07, 2023 11:39

截屏2022-09-23 下午2.30.52.png

 

Silver price (XAG/USD) oscillates between $25.00 and $24.95 during Good Friday's inactive Asian session, after retreating from a one-year high on Wednesday. Despite this, the precious metal remains well-positioned for a fourth consecutive weekly gain while tracking optimistic options market signals.

 

Nevertheless, a one-month risk reversal (RR) of the Silver price, a measure of the spread between call and put options, shows a slight daily loss of -0.1000 by the conclusion of Thursday's North American session.

 

Notably, the weekly RR has increased for the fourth consecutive week, to 0.2000 at the latest. In addition, the monthly options market signals are currently stronger in April than they were in March, when they posted the largest gains in a year.

 

While the options market is emitting bullish signals, the Good Friday holiday may limit XAG/USD movement prior to the all-important Nonfarm Payrolls report. (NFP).


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