XAGUSDSILVER Silver Gains on Tensions, Eyes on Fed Friday’s strong U.S. data may support the dollar, as the University of Michigan’s Consumer Sentiment Index rose to 60.5 in June from 52.2, beating forecasts of 53.5 and marking the first gain in six months.
Geopolitical tensions continue to drive safe-haven demand, especially for silver. Israel struck Iranian nuclear and missile sites Friday, killing military officials. On Sunday, Iran began its fourth phase of response, warning of firm retaliation to further Israeli actions.
Markets now turn to Wednesday’s Fed meeting. While rates are expected to stay unchanged, futures still price in two cuts this year, possibly starting in September, supported by last week’s soft inflation data.
Resistance is set at 36.90, while support stands at 35.40.
SILVER Hope you guys are holding the position for silver which i given last week.Stay on your position .we will be hitting the TP1 on Monday.See you on Monday friends.
SILVER this will be at $100 soon enough. $2-300 not out of the question either. A wave 5 throwover is possible. This will not fall until the US gets its fiscal house in order. Yield curve control will only be fuel for the fire