Silver Price Prediction – Prices Fall as Powell Takes Hawkish Tone
- ByFXEmpire-
Decelerating home prices help silver ease
Decelerating home prices help silver ease
While gold has been ticking higher the last few months, the market for the precious metal as an investment is getting equal demand as a gift. “Frankincense and myrrh aren’t setting...
As Jerome Powell suggested that inflation was perhaps not “transitory” anymore, the US dollar strengthened, breaking down silver during the session.
Gold's trading environment has been uncertain from last year, and this type of trading environment is expected to end in a few weeks, and a very healthy environment is likely...
Silver requires a strong Euro in order to create bullish momentum. The long-term Euro chart could be near support. The 110- 112 area is expected to hold, according to us.
It took 8.3 ounces of silver to fund your Grandma’s turkey feast in 2001, but now it only takes 2.1 ounces.
Last | |||||||
|---|---|---|---|---|---|---|---|
| SLV | 21.06 | -0.47% | 29.6M | ||||
| SIVR | 21.96 | -0.23% | 947.83K | ||||
| AGQ | 33.40 | -0.77% | 935.26K | ||||
| ZSL | 28.49 | +0.78% | 218.55K |
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Buy | Neutral | Sell | Strong Sell | Neutral |
| Technical Indicators | Strong Buy | Buy | Strong Sell | Strong Sell | Strong Sell |
| Summary | Strong Buy | Neutral | Strong Sell | Strong Sell | Sell |