- Silver (xag/USD) decreases for the third day in a row, which leads to the collection of profits while reducing the geopolitical risk premium.
- US President Donald Trump refers to a two -week window before deciding the potential American intervention in the Iran and Israel crisis.
- The price is hovering near $ 36.00, with the support of the moving average of 100 points on the graph for 4 hours, and between the lowest level per day is $ 35.51.
Silver (Xag/USD) is still under pressure for the third consecutive day on Friday, as it fell more after US President Donald Trump announced that he would stop for two weeks before deciding whether the United States should fall into the escalating Iran and Israel. This temporary suspension has reduced some of the geopolitical risks that have recently been fed to safe loss to precious metals, prompting traders to reserve profits and re -evaluate positions while investors invest the changing geopolitical scene.
At the time of writing this report, Silver is trading about $ 36.00 during US trading hours, and it is modestly recovered after reducing the lowest level of the day at 35.51 dollars. The metal found some support near the 100 -wheelchair moving average on the graph for 4 hours, which works as a main pillow of prices in the current withdrawal.
From a technical perspective, silver began to show signs of weakness in its last upward direction, indicating a possible deeper decrease with the fading of the momentum. After enjoying a fixed climb inside an elegant emerging channel since early June, the metal is now slipped under the lower boundaries of the canal, indicating that buyers are losing a fist, at least in the short term.
Currently, silver hovers slightly higher than the moving average of $ 100 about 35.65 dollars, which is reliably linking prices in recent weeks. This dynamic support will be the first defense line of the bulls.
The RSI (RSI) index continues to drift after flashing a clear declining difference, which enhances signs that the upscale momentum fades. At the same time, the change rate (ROC) slipped into a negative area, which also confirms that the bullish motivation for the last silver has lost steam and that the door is now open to a broader corrective stage.
Looking at the future, a continuous movement will be needed over the broken canal and a decisive break that exceeds 36.50 dollars to revive the bullish momentum and expose the following resistance about $ 37.00 – $ 37.30. On the other hand, if the silver fails to defend 100 whats of the period, and slides to less than 35.50 dollars, the metal can be under increased pressure, with the next important support at 35.00 dollars and then 34.50 dollars. Currently, the near -term bias still tends to be cautious to the negative side unless buyers regain control over $ 36.50 with condemnation.
