- Silver acquires some positive traction and a three -day loss chain stabilizes the lowest level in several weeks.
- The technician supports prospects for some sale to appear at higher levels.
- A continuous step is needed exceeding $ 34.00 to cancel the negative bias in the short term.
Silver (xag/USD) depends on the go -day bouncing of the earlier day from the $ 31.65 region, or the lowest level in about three weeks, and some traction earns a follow -up during the Asian session on Friday. White metals climb again over the middle of 32.00 dollars in the last hour, and now it seems that a three -day loss chain has picked up, although the technical preparation requires some caution before determining any other gains.
The constant collapse was looked at overnight than the SMA SMA as a major operator of the declining traders. Moreover, the oscillator on daily graphs has gained/4 hours of negative jar and indicates that a less resistant path for Xag/USD is the downside. Thus, any subsequent move may still be seen as an opportunity to sell and remain wrapped.
The $ 32.80 can now work as an immediate barrier before the circular shape of $ 33.00. However, some follow -up purchase may lead to a short -term step and Xag/USD raising $ 33.70. This is followed by a round shape of $ 34.00, which, if wiped decisively, will deny the negative view in the short term and transfer bias in favor of the upcoming merchants.
On the other hand, it appears that the $ 32.25 area to $ 32.20 now offers immediate support before $ 32.00. The subsequent fall can withdraw Xag/USD to drop the swing overnight, about $ 31.65. A convincing rest at the bottom of the last can pull the white metal to levels below $ 31.00, or SMA for 200 days, on its way to medium support 30.55 dollars to $ 30.50 and eventually to a psychological mark worth $ 30.00.
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.
