- The bottom silver is near the main support, indicating a possible outbreak above $ 37.31.
- Doji candle and the size of our delicate holidays indicate a stop, not reflection.
- Bulls Eye Resistance at $ 37.49 and $ 38.00; The risk of the negative side begins less than $ 36.00.
Silver price was traded on Friday, where it remained unchanged at $ 36.84, due to the delicate trading sizes where the American markets were closed for a vacation. The market mood turned into a slightly acid as major addresses surrounding the American trade war, as trading patterns were occupied in the lead center, after the approval of the big beautiful bill.
Xag/USD price expectations: Technical expectations
Technically, the gray metal stops its progress, although it is still biased up because it shapes a double -bottom plan. However, the formation of Doji indicates that the temporary suspension is under implementation, as the levels of resistance to the circulating key, such as the YTD, is $ 37.31.
Gallery momentum as shown in the RSI Index (RSI). However, the course is less resistance.
The level of the silver key resistance to view will be $ 37.00, YTD High, and February 29, 2012, at $ 37.49. Once removed, the next station is $ 38.00. On the other hand, if Xag/USD decreases less than $ 36.00, it wipes the path to test 35.82 dollars. Once it is penetrated, the next station will be $ 35.00, before the simple moving average challenge for 50 days (SMA) at $ 34.39.
Xag/USD PRICE CHART – daily
Common silver questions
Silver is very precious metals circulating among investors. It has been used historically as a value of value and amid exchange. Although it is less popular than gold, merchants may turn to silver to diversify their investment portfolio, compared to its fundamental value or as a possible hedge during high inflation periods. Investors can buy physical silver, in coins or in bars, or circulate through vehicles such as the boxes circulating in Excination, which follow their price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can make the price of silver escalating due to its safe position, although it is less than gold. As an inappropriate origin, silver tends to rise with low interest rates. Its movements also depend on how the US dollar (USD) is spent as the origin is priced in dollars (XAG/USD). The strong dollar tends to maintain the price of silver in the Gulf, while the dollar is likely to pay the weakest prices. Other factors such as demand for investment and mining offer – silver is much more abundant than gold – recycling rates can also affect prices.
Silver is widely used in the industry, especially in sectors such as electronics or solar energy, as it contains one of the highest electrical conductivity for all minerals – more than copper and gold. High demand in demand can increase prices, while the decline tends to reduce them. The dynamics in the United States and Chinese and Indian economies can contribute to price fluctuations: for the United States, especially China, its large industrial sectors use silver in various operations; In India, consumer demand for the precious jewelry also plays a major role in setting prices.
Silver prices tend to follow gold movements. When gold prices rise, silver usually follows its example, as its position as the similar safe origins. The percentage of gold/silver, which shows the number of ounces of silver needed to equal the value of one ounce of gold, to determine the relative evaluation between both minerals. Some investors may consider a high percentage as an indication that silver is dense with less than its value, or that gold is exaggerated. On the contrary, the low percentage may indicate that gold is less valuable for silver.
