Zaja/the US dollar slides with the recovery of the United States, hovering less than $ 32.50
- Xag/USD was crowned at $ 32.73 (50 days SMA), with support from SMA 100 days near $ 31.88 in volatile trade.
- RSI apartment near neutral. A break is needed above $ 33.00 to transfer bias about $ 33.50 – 34.51 dollars
- Lower less than $ 32.00 may offer $ 31.65 and SMA for 200 days at $ 31.23 as a land pressure.
silver Prices decreased on Friday, with losses of more than 1 %, the week is scheduled to end in a negative note amid the high US treasury revenues, which organized a return late during the North American session. Xag/USD trades at $ 32.26 after it reached a daily peak of $ 32.68 at the time of writing this report.
Xag/USD price expectations: Technical expectations
Xag/USD has been unified among the simple moving averages 50 and 100 days (SMAS) at 32.73 dollars and $ 31.88, respectively, over the past five days, without any clear bias as shown in the daily chart. The RSI (RSI) index, despite the landing, is still flat near the 50 neutral line, flat.
This confirms the lack of gray metal to the direction, but buyers can regain control if they wipe the slope trend that was drawn from March 28 to April 25, which can be broken near $ 33.00. The last breach will offer $ 33.50, followed by a brand of $ 34.00. Once it is over, the next station will be the peak of October 30 at $ 34.51.
On the contrary, if Xag/USD decreases to less than $ 32.00, the first support will be SMA for 100 days, followed by the lowest level on May 15, $ 31.65. Once this level wiped, the next station will be SMA for 200 days at $ 31.23, followed by the number $ 31.00.
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.
