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Silver plummeted and the trend was too scary! The silver price successfully achieved the second target. The latest analysis of silver trade by well-known institutions.
During the Asian market on Friday, spot silver maintained its intraday decline after yesterday's sharp drop, and currently silver is trading near $27.70/oz. According to Economies.com, the silver price has reached its second target of $27.62/oz. Technically, there is support for further downward movement in the silver price.
Global investors are scrambling to avoid the impact of the "US election"! Is gold one of the safe havens?
Investors are wary of further sell-offs and are looking at small-cap stocks, United Kingdom assets, and gold as possible safe havens.
Gold, silver, and copper all experienced a sharp decline! What happened?
The price of gold and silver suddenly plunged.
Silver prices plummeted by over 3%! The silver price has fallen below the first bearish target. Institutions have provided the latest trade analysis for silver.
On Thursday, July 25th, during the Asian trading session, spot silver experienced a sharp decline. Currently, the silver price has fallen to $27.88/ounce, with a drastic drop of 3.5% within a day. Economies.com, a well-known financial news website, published a latest article on Thursday with a forward-looking analysis of the trend for silver.
Silver breaks through the major technical level! What is the outlook for silver after the sell-off? FXStreet analyst's technical analysis of silver.
On Wednesday, despite the weakened US dollar, spot silver was still sold off and has fallen below the important level of $29.00 per ounce. According to FXStreet analyst Christian Borjon Valencia, silver fell more than 1% on Wednesday due to pressure from rising US bond yields. From a technical perspective, the bearish trend is strengthening.
Gold market review: Expectations for a Fed rate cut lead to a drop in gold prices, traders are focusing on more US data.
On Wednesday (July 24), gold prices fell as the US dollar slipped, and investors turned their attention to US economic data to look for more signals about the central bank’s interest rate cut timing that will be announced this week.
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