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The Xag/USD bulls seem to be less than $ 37.00; The negative side is still limited

  • Silver is less than its highest levels in more than two specified weeks on Thursday.
  • Mixed technical preparation requires some caution before putting new directional bets.
  • Any corrective chip may still be seen as an opportunity to buy and remain raised.

Silver (Xag/USD) keeps less than a brand of $ 37.00 during the Asian session on Friday and remains an amazing distance of more than two weeks in the previous day. Meanwhile, constructive technical preparation indicates that a less -resistant course of white minerals is still in the upward direction.

Daily relativity index (RSI, 14) remains higher than 50 and confirms the positive expectations of Xag/USD. However, the dilution of the moving average convergence (MACD) and the signal line on the daily chart did not confirm after the upscale bias, indicating that any subsequent move can stop near the 37.30-37.35 dollar region, or the highest level since February 2012 earlier this month. However, some follow -up purchase would pave the way to extend the upside -old trend of approximately three months.

On the other hand, it appears that the $ 36.50 to $ 36.45 now protects the direct downside, which Xag/USD can slip to 36.15-36.10 dollars. An additional decrease can extend less than a brand of $ 36.00 to the horizontal area ranging from $ 35.50 and $ 35.40. The latter should be a main pivotal point and that a convincing break below would transform bias in the short term for the benefit of landing merchants. The white metal may then accelerate the corrective fall towards the next relevant support near the $ 35.00 psychological brand.

Some follow -up below must pave this way for deeper losses and Xag/USD to a mediator support near $ 34.75 on the road to a $ 34.45 area.

Silver graph for 4 hours

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.

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