EUR/USD 1.15361
0.111%
Gold 4319.62
1.867%
Oil 76.002
-1.769%
USD/JPY 158.313
-0.081%
GBP/USD 1.34501
-0.024%
GBP/JPY 212.939
-0.109%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Morgan Stanley: Reinstates coverage research on Baker Hughes Oilfield Services (BKR.O), giving it an overweight rating and a target price of $70.Argus Research: Upgrades SpaceX (SPCX.O) from Hold to Buy.Lingbao Gold (03330.HK): The exploration work of the Group’s subsidiary, Habahe County Huayuan Mining Co., Ltd., has made significant progress. As of June 30, 2026, the reserves have jumped from 13.20 tons at the end of 2025 to 53.94 tons.On August 7th, Samantha Dart, co-head of global commodities research at Goldman Sachs, stated that Europe is facing dual risks to diesel and natural gas supplies ahead of winter. Data shows that the benchmark European natural gas futures (TTF) fell 7% this week to approximately €54 per megawatt-hour, but Dart maintained her forecast of reaching €60 for the remainder of the third quarter. European natural gas inventories are currently at approximately 57.87%, about 18 percentage points lower than the average level from 2009 to 2025. Lower-than-expected LNG imports in Northwest Europe in July resulted in end-of-month inventories of only about 43%, increasing pressure for winter restocking. Dart predicts that if Middle Eastern energy exports recover slowly, European TTF natural gas prices could rise above €100 per megawatt-hour in December, 110% higher than the previous benchmark forecast of €50 per megawatt-hour; if shipping in the Strait of Hormuz resumes smoothly, prices could fall back to around €40, 20% lower than the previous forecast.Morgan Stanley raised its price target for Microchip Technology (MCHP.O) from $94.00 to $103.00.

Forecast for Silver Price: XAG/USD is rising quickly and is approaching the $20.00 mark

Alina Haynes

Sep 15, 2022 11:43

 157.png

 

Silver price recovers around the 50-day exponential moving average and advances towards a daily high of $19.69 on Wednesday after the US Labor Department reported that August PPI was in line with predictions of diminishing inflationary pressures on the producer side. Therefore, the XAG/USD is trading at $19.61, 1.86% higher than its initial price.

 

Before Wall Street opened, the Bureau of Labor Statistics (BLS) of the United States reported that the Producer Price Index (PPI) for August decreased by 0.1%, in line with expectations, while the year-over-year figure fell to 8.7%, less than the 9.8% reported in July. Meanwhile, the so-called core PPI, which excludes volatile goods, increased by 0.4% month-over-month and 7.3% year.

 

In the meantime, the US Dollar Index, a measure of the dollar's value against a basket of six currencies, ended Wednesday's session down 0.15 percent, at 109.648, weighed down by US Treasury yields, particularly the 10-year benchmark note rate, which remained unchanged throughout the day at approximately 3.404%.

 

The US Dollar Index reflects the aforementioned by declining by 0.09% and falling below the 110.000 barrier. Similarly, the US 10-year benchmark note rate exhibits signs of weariness, remaining flat at approximately 3.414%.

 

The fact that US 10-year TIPS yields, a proxy for actual yields, rose by only one basis point to 0.939% was a further factor supporting the white metal price.

 

On Thursday, the US economic calendar will contain jobless claims, retail sales, and the New York and Philadelphia Fed Manufacturing Indices, which will serve as a precursor to the ISM report in October.

 

The daily XAG/USD chart depicts the white metal as neutral to bearishly biased. Nonetheless, if silver buyers recapture the $20,000 threshold, this might pave the way for a test of a four-month-old downslope trendline near $20.20 prior to reaching the 100-day EMA at $20.39. A breach of the latter will reveal the cycle high from August 15 at $20.87, ahead of the psychological milestone of $21.00.


Suggestion