Silver / U.S. DollarSilver / U.S. DollarSilver / U.S. Dollar

Silver / U.S. Dollar

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SILVER Here comes the NY Comex. They know there is trouble brewing. Jobs on the line.



XAGUSD tradingview.com/x/OYZ8X75e/
Silver sell setup. The trend breakout the target is at 36.500.
Don't rush to take entries and always wait for confirmation in small time frames.
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Snapshot

XAGUSD EURUSD XAUUSD SILVER

Trump’s Tariff Cuts and Tesla Pressure

Trump’s Vietnam Trade Deal: Tariffs on Vietnamese goods will drop from 46% to 20% before July 9, but Chinese goods routed through Vietnam will face a 40% tariff.
$3.4 Trillion Fiscal Bill Advances: Trump’s tax cut and spending package cleared a key House vote despite internal GOP resistance.
Tesla Under Pressure: A new clash with Elon Musk surfaces as Tesla deliveries miss forecasts; the stock is down 20% year-to-date.
USD Slides: Ongoing concerns over U.S. fiscal discipline weaken the dollar, boosting demand for the euro and yen.
UK Market Volatility: UK Finance Minister Rachel Reeves’ emotional remarks in Parliament triggered a sell-off in the pound and bonds amid fiscal doubts.
Markets Await Jobs Data: Today’s U.S. employment report is highly anticipated as it may influence the Fed’s policy direction.
Asia Markets Mixed: Gold holds steady near $3,350, silver rebounds to $36.50, and Bitcoin approaches $109K with $113K seen as the next breakout level.

XAGUSD SILVER
Silver Extends Gains to $36.70
Silver hovered near $36.70 on Thursday after rising 1.4% in the previous session, supported by easing trade tensions and stronger expectations of Fed rate cuts.

Markets are now watching key US economic releases to see whether silver can sustain its upward momentum.

Resistance is at 37.50, while support holds at 35.40.
Snapshot


XAGUSD I'm firmly bullish on silver - a long position here looks like an excellent play.

The market is consolidating and iI expect an upside breakout soon. Momentum is coiling, and the setup looks strong.