EUR/USD 1.17258
-0.175%
Gold 4333.48
0.723%
Oil 55.925
1.608%
USD/JPY 155.115
0.262%
GBP/USD 1.33847
-0.257%
GBP/JPY 207.621
0.012%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 17th, Kunal Shah, Head of Research at Nirmal Bang Commodities, stated, "The silver market is experiencing a severe short squeeze... We havent seen the supply side respond appropriately after the US added silver to its list of critical minerals. Every country planning to enter the data center—artificial intelligence—needs more silver. The current trend could push silver towards $70 in the short term."Japanese Prime Minister Sanae Takaichi: We will boost tax revenue through economic reflation, increasing corporate profits, and raising household income through wage growth, thereby achieving a sustainable fiscal policy and social welfare system.Japanese Prime Minister Sanae Takaichi: What Japan needs right now is to strengthen itself through proactive fiscal policies, rather than excessively tightening fiscal policy.December 17th, Futures News: Economies.com analysts latest view: Spot gold prices have resumed their upward trend in recent intraday trading, thanks to a firm hold above the key support level of $4300, which has laid a solid foundation for this rebound. Meanwhile, the Relative Strength Index (RSI) is releasing positive signals, further strengthening the markets positive momentum. This rise occurred while prices were trading above the 50-day EMA, indicating that although some dynamic pressure remains, this moving average is providing support and helping to stabilize and continue the main upward trend in the short term, especially as prices move along the support trendline of this ascending channel.December 17th, Futures News: Economies.com analysts latest view: WTI crude oil futures have continued their strong rebound in recent intraday trading, benefiting from the solid support level of $55.00, which was also a potential target mentioned in our previous analysis. Currently, WTI crude oil futures are attempting to recover some of their previous losses, supported by positive signals from the Relative Strength Index (RSI), while also trying to shake off their clearly oversold condition.

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