Silver Price Prediction – Prices Rise Despite Higher Treasury Yields
- ByFXEmpire-
The dollar rebounded weighing on silver prices
The dollar rebounded weighing on silver prices
Silver markets have rallied rather significantly during the course of the trading week, breaking above the 50 week EMA. However, Friday was very volatile and we did pullback.
The silver market has rallied significantly during the course of the trading session on Friday but gave back the gains to form a shooting star right at the 200 day EMA.
When silver moves, it can move fast. By the end of the year, we expect a signal showing that gold and silver are ready for the next leg up.
Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year.
The supply crunch might stretch as much as a seven-year event from now, but the spring is loaded already. It isn’t only a supply, demand scenario when talking about silver.
Type | Daily | Weekly | Monthly |
|---|---|---|---|
| Moving Averages | Strong Buy | Strong Buy | Strong Buy |
| Technical Indicators | Strong Buy | Sell | Strong Sell |
| Summary | Strong Buy | Neutral | Neutral |