XAG USD ( Silver / US Dollar)
Bearish drop off overlap resistance?XAG/USD has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 30.69
Why we like it:
There is an overlap resistance level.
Stop loss: 31.40
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 29.88
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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Bearish reversal off overlap resistance?The Silver (XAG/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 30.70
1st Support: 29.81
1st Resistance: 31.41
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
#XAGUSD 2HXAGUSD (2H Timeframe) Analysis
Market Structure:
The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds.
Forecast:
A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement.
Key Levels to Watch:
Entry Zone: Near the support level after confirmation that the price is holding above it.
Risk Management:
Stop Loss: Placed below the support level to limit downside risk.
Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement.
Market Sentiment:
The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 29.85
1st Support: 29.50
1st Resistance: 30.70
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAG/USD (Silver) Wedge BreakoutThe XAG/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Wedge After Confirmation.
Target Levels:
1st Support – 29.42
2nd Support – 29.04
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SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is trading in a local
Uptrend and the price is
Consolidating above the
The horizontal support
Level of 29.89$ so we are
Locally bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Silver H4 | Approaching overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 30.67 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 31.10 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 29.79 which is an overlap support.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Bearish drop?XAG/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 30.16
Why we like it:
There is a pullback resistance level.
Stop loss: 30.68
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 29.53
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Can Silver Maintain Momentum Above 28.70?In my previous OANDA:XAGUSD analysis, I mentioned that the price appeared to be forming a head-and-shoulders pattern, with confirmation if the price broke below the 30 level.
Indeed, just before Christmas, the price dropped below this critical milestone and reached a low near the 28.70 zone.
However, instead of continuing toward the technical 28 support level, the price found new support at 28.70, forming a double bottom at this level.
Similar to Gold, Silver began the year on a positive note, reversing upward and retesting the broken neckline level at 29.80 for the second time.
Currently, the price is trading below this level.
A decisive break above 30 could trigger bullish momentum, leading to a potential rally toward the 32 resistance zone.
For now, I'm bullish on Silver as long as the 28.70 support zone holds.
How Can You Trade Silver Online?How Can You Trade Silver Online?
Silver’s dual role as an industrial metal and investment asset makes it a fascinating market for traders. Its price volatility, global demand, and diverse trading options offer exciting opportunities for those looking to diversify their strategies. In this article, we’ll explore how to trade silver online, key market drivers, and what makes it such a unique asset.
What Makes Silver an Attractive Asset?
Silver is a unique asset that appeals to traders for several reasons, particularly its dual demand in industrial applications and silver investing for portfolio diversification. While gold is primarily an investment metal, silver is used in electronics, solar panels, and even medicine, equating to steady demand regardless of market conditions. This industrial relevance adds a layer of complexity to its price movements, which offers opportunities for a comprehensive analysis.
The metal is also known for its market volatility. Prices can swing significantly within short periods, creating numerous trading opportunities for those who monitor its fluctuations. Despite this volatility, silver remains highly liquid, meaning traders can buy or sell substantial amounts without causing major disruptions to the market.
For those trading and investing in silver, affordability is a key aspect that sets it apart. With a much lower price than gold, it’s accessible to a broader range of market participants. This affordability allows traders and investors to hold larger positions, which can help with diversification. Lastly, silver has long been seen as a hedge against economic uncertainty, often serving as a so-called safe-haven asset during periods of instability, alongside other precious metals like gold.
Silver Trading Hours
Silver trading operates nearly around the clock, opening at 11:00 pm GMT on Sunday and closing at 10:00 pm GMT on Friday. However, the market closes for short overnight breaks during the week, usually for around an hour each day between 10:00 pm and 11:00 pm GMT. It’s important to note that trading hours may vary depending on a trader’s location, but the market always follows this GMT schedule.
Key Factors That Influence Silver Value
Silver online trading is influenced by a mix of economic, industrial, and geopolitical factors, making it difficult for traders and investors to analyse silver market movements. Recognising these key factors is vital for anyone exploring how to trade silver.
- Supply and Demand Dynamics: The balance between a metal's availability and its demand significantly impacts its value. Industrial applications, such as electronics and solar panels, drive demand, while mining production and recycling affect supply. Disruptions in mining or shifts in industrial needs can lead to price fluctuations.
- Economic Indicators: Inflation rates, interest rates, and overall economic health play crucial roles. During inflationary periods, it often attracts investors seeking to hedge risks, potentially driving up prices. However, higher interest rates designed to quell inflation can make non-yielding assets like silver less appealing.
- Geopolitical Events: Global uncertainties, such as political tensions or conflicts, can increase its appeal as a so-called safe-haven asset, leading to price surges.
- Currency Strength: Since silver is priced in US dollars, its value often moves inversely to the dollar. When the dollar weakens, silver value typically rises, and vice versa.
- Market Speculation: Investor sentiment and speculative trading can lead to rapid price changes. Large trades or shifts in market sentiment can cause significant volatility, affecting the metal’s market value.
Different Ways to Trade Silver Online
When it comes to trading silver online, there are several ways to access the market, each with its own appeal and considerations.
1. Silver CFDs (Contracts for Difference)
Most traders interact with CFDs on silver. CFDs enable traders to trade based on silver's price movements without needing to own the physical asset. They can trade on both rising and falling prices, making CFDs a flexible option. CFDs also offer leverage, offering a way to control larger positions with a smaller initial investment. However, it’s essential to understand the risks, as leverage amplifies both potential returns and losses.
Silver CFD trading is available at FXOpen. Check the real-time chart on the free TickTrader trading platform.
2. Spot Silver Trading
Spot silver trading refers to the buying and selling of silver at its current market price, known as the "spot price," with settlement occurring immediately. Unlike silver futures or options, where traders agree to buy or sell silver at a predetermined price on a future date, spot trading reflects the present value of silver for direct exchange.
3. Silver Futures
Futures are contracts where traders agree to buy or sell silver at a specified price on a future date. They are ideal for those looking to speculate on longer-term trends. Futures require a margin account and involve high leverage, which can lead to significant returns or losses.
4. Exchange-Traded Funds (ETFs)
Silver ETFs provide exposure to the metal without needing to handle the metal physically. These funds are traded on stock exchanges and offer a more traditional investment route. While they’re less volatile than leveraged products like CFDs, they also lack the flexibility of short-term trading.
5. Silver Mining Stocks
Companies that mine silver are often used to invest in silver online, though they can be an indirect trading avenue. While stock prices often correlate with silver, they can also be influenced by other factors, such as a company’s operational performance or management decisions.
Comparing Silver with Other Precious and Industrial Metals
Silver occupies a unique position in the commodities market, bridging the gap between precious metals like gold and industrial commodities such as copper. Understanding these relationships can be an essential part of a silver trading strategy.
Silver vs Gold
Both are precious metals and often serve as so-called safe-haven assets during economic uncertainty. However, silver is more volatile than gold. This increased volatility stems from silver's significant industrial applications, which account for about 50% of its demand, compared to gold's 10%. Consequently, silver's price is more susceptible to fluctuations in industrial demand.
Additionally, accessibility in silver as an investment is important to note, since it’s more abundant and less expensive per ounce than gold.
Silver vs Platinum and Palladium
Platinum and palladium are also precious metals with substantial industrial uses, particularly in automotive catalytic converters. Palladium has seen a surge in demand due to stricter emission standards, leading to higher prices.
Silver, while used in various industries, has a more diversified application base, including electronics, solar panels, and medical devices. This diversification can lead to different demand dynamics compared to platinum and palladium. Moreover, silver's market is larger and more liquid, offering more trading opportunities.
Silver vs Industrial Commodities (e.g., Copper)
Silver shares some characteristics with industrial metals like copper, as both are essential in the manufacturing and technology sectors. However, silver's dual role as an investment asset and industrial commodity sets it apart.
While copper prices are primarily driven by construction and infrastructure developments, silver's price is influenced by both industrial demand and investor sentiment. This duality can lead to unique price movements not typically observed in purely industrial metals.
Silver Correlation with Other Assets
Silver exhibits some interesting correlations with other assets that can help traders better anticipate market movements.
Gold-Silver Correlation
Historically, silver and gold move in tandem due to their shared status as precious metals. However, silver tends to be more volatile, with sharper price swings during market upheavals. This relationship isn’t always consistent—during periods of intense industrial demand or unique market shocks, silver can diverge from gold, making it harder to analyse its market moves. Still, silver is an exciting trading option.
Equity
Silver often reacts inversely to stock market trends. When equities perform well, silver can lose appeal as investors shift to riskier assets. In contrast, during downturns, silver may gain traction as a defensive asset.
US Dollar
Like many commodities, silver has an inverse correlation with the US dollar. When the dollar strengthens, silver prices typically fall, as a stronger dollar makes it more expensive for foreign buyers and vice versa.
Crude Oil
Silver shares an indirect connection with oil prices, as energy costs significantly impact mining and refining processes. Rising oil prices can increase production costs, potentially influencing the silver supply.
Risks of Trading Silver
Silver trading online comes with its own set of risks, tied to its unique characteristics as both a precious metal and an industrial commodity.
- Volatility Risks: Silver is known for its price swings, which can be more pronounced than gold due to its smaller market size. These sharp movements create opportunities but also expose traders to the potential for significant losses, especially if positions aren’t carefully managed.
- Geopolitical and Economic Uncertainty: While silver often acts as a so-called safe haven, it may be difficult to analyse its price movements. For example, a strengthening US dollar or unexpected global events can cause sudden price drops, catching traders off guard.
- Market Sentiment: Speculation and emotional trading can also drive silver’s price, leading to rapid and sometimes irrational movements. This requires traders to exercise caution and use risk management strategies, such as position sizing and stop-loss levels.
- Market Liquidity: Although silver is generally liquid, certain market conditions can lead to reduced liquidity, making it challenging to execute trades at desired prices. This can result in slippage and losses.
- Regulatory Changes: Changes in regulations, such as margin requirements or trading restrictions, can impact silver markets. For instance, historical events like "Silver Thursday" in 1980 saw regulatory shifts that led to significant market disruptions.
The Bottom Line
Silver’s unique combination of industrial and investment demand, along with its market volatility, makes it an exciting asset for traders. Understanding the factors that influence its price and the different ways to trade it is essential for navigating this dynamic market. If you’re ready to explore silver CFD trading, open an FXOpen account today to access competitive spreads, advanced tools, and a reliable platform for your trading needs.
FAQ
How Can I Trade Silver Online?
Online silver trading can be done through various platforms offering spot markets, futures, exchange-traded funds (ETFs), and Contracts for Difference (CFDs). CFDs are particularly popular for online traders, as they allow speculation on silver’s price movements without owning the metal.
Can You Trade Silver in Forex?
The silver code XAG is typically used for trading against the US dollar as the XAG/USD pair. This pairing allows traders to speculate on silver prices relative to the dollar’s strength, combining commodity and currency market dynamics. However, silver can be traded against other currencies, for example, the euro.
Which Pair Correlates With Silver?
Silver (XAG/USD) is most closely correlated with gold (XAU/USD). Both metals often move in similar directions due to their shared status as so-called safe-haven assets, though silver’s industrial demand adds unique price drivers.
What Is the Best Time to Trade Silver?
The best time to trade silver depends on a trader’s trading strategy. However, the most active trading hours for silver are during the overlap between the London and New York sessions, from 1:00 pm to 5:00 pm GMT (winter time) or from 12:00 am to 4:00 pm GMT (summer time). These times offer high liquidity and volatility, creating more opportunities for traders.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Potential bullish rise?The Silver (XAG?USD) has reacted off the pivot and could potentially rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 29.85
1st Support: 29.30
1st Resistance: 30.70
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAG/EUR "Silver vs Euro" Metal Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/EUR "Silver vs Euro" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 29.800 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the XAG/EUR (Silver/Euro) pair is: Bullish
Reasons:
Increasing demand for silver: Silver is used in a variety of industrial applications, including solar panels, electronics, and automotive manufacturing, and demand for these products is expected to increase.
Limited supply of silver: The supply of silver is limited, and mining production is not expected to keep pace with growing demand, which could lead to a shortage and drive up prices.
Safe-haven demand: Silver is often seen as a safe-haven asset, and investors may seek to buy silver as a hedge against economic uncertainty, inflation, or market volatility.
Weakening euro: The euro has been weakening against other major currencies, which could make silver more attractive to European investors and drive up prices.
Central bank buying: Some central banks have been buying silver as a reserve asset, which could support prices and increase demand.
Bullish Factors:
Increasing demand for silver, driven by its use in industrial applications and its potential as a safe-haven asset.
Low interest rates and negative real interest rates, which can increase demand for silver as a store of value.
A strong euro, which can make silver more attractive to European investors.
Potential for a decline in the euro, which could increase demand for silver as a hedge against currency risk.
Growing investment demand for silver, driven by its potential as a diversifier and a store of value.
Market Sentiment:
Bullish sentiment: 75%
Bearish sentiment: 25%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Watch out for 30.280 zone on XAG. A daily rejection of that zone 30.280 would give me a great confluence that Silver is going to be a bearish week.
Last week was a bullish week but the highlighted zone is within an Imbalance on H4 chart.
I'll be looking to target previous week low 28.759 though keeping in mind this daily level 29.806 for possible pullback.
Just keeping it simple no complications.
I'll be dropping more of my insights so stay tuned. 🫴
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
Resistance Trendline Breakout: The price has broken above a key descending trendline resistance, indicating a potential shift in momentum toward the upside.
Forecast:
Buy Opportunity: The breakout suggests bullish momentum, with further upward movement likely as long as the price holds above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or a retest of the trendline as new support.
Risk Management:
Stop Loss: Placed below the broken trendline or recent swing low to limit downside risk.
Take Profit Zones: Focus on the next resistance levels or Fibonacci projections for potential targets.
Market Sentiment:
Bullish Bias: The breakout above trendline resistance reflects increased buying interest, supporting expectations for further gains.
XAGUSD - Silver, waiting for the start of the upward trend?!Silver is located between EMA200 and EMA50 in the 4-hour timeframe and is moving in its descending channel. If the decline continues, we can see a support limit. Stabilization of silver above the resistance range will provide us with the path of silver up to the supply zone, where we can sell in that range with a suitable risk reward.
In 2025, it might be wiser to adopt a contrarian approach, as the upcoming year has the potential to be one of the most turbulent, especially in the commodities market. The return of Donald Trump as the President-elect of the United States brings the threat of disrupting global trade flows through the imposition of heavy tariffs on U.S. imports. With a Congress led by Republicans, there seems to be little to restrain him this time. Furthermore, there remains significant uncertainty regarding the economic trajectory of China, the world’s second-largest economy and the biggest buyer of commodities.
Historically, the dollar tends to perform strongly in January and February. Interestingly, last month also saw a 2.6% rise in the DXY index, breaking a seven-year streak of December weakness. This performance suggests that macroeconomic factors and expectations around Trump’s policies were strong enough to counteract the usual seasonal drag. As the year begins with a positive phase for the dollar, any shift in the current narrative sustaining the dollar’s strength through the end of the year would require a significant change in economic dynamics.
The U.S. dollar started 2025 with a slight dip but quickly resumed its upward trend, as the fundamental drivers of the U.S. economy remain intact. The Federal Reserve, adjusting its projections downward, indicated that there might only be two rate cuts in 2024. This stance has further widened the yield gap between the U.S. and other major economies, as central banks in other regions move towards more accommodative monetary policies.
Kugler, a member of the Federal Reserve, recently stated that the U.S. economy ended 2024 in good shape, exhibiting solid growth. He noted that the Federal Reserve is likely to take its time before implementing future rate cuts and sees no urgency in this regard. Meanwhile, questions remain about whether inflationary pressures will continue to persist.
Kugler also highlighted improvements in productivity and labor supply, which have played a key role in strengthening the economy. He emphasized that the labor market still appears stable, with the current unemployment rate remaining at historically low levels. Even as the labor market cools gradually, real wages remain elevated. Overall, while the labor market is slowly losing heat, it continues to demonstrate resilience. Similarly, the disinflation process is steadily progressing at a consistent pace.
SILVER: Potential Short! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 29.80$
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 29.30$
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK