Tag: Commodity Market

In the realm of commodities, the attractiveness of silver has remained undiminished despite a generally sluggish Thursday morning. This resilience is owed in large part to an unwavering pool of buyers who continue to seize every dip as an opportunity to fortify their silver holdings. Not only does this suggest robust confidence in the speculative…

In a surprising twist, the XAG/USD pair – an indicator for global silver prices – dropped below the $32.50 mark. This drop can be largely attributed to disappointing economic data from China, suggesting a potential slowdown in demand from the world’s largest consumer of the metal.## The economic data released by China, which includes GDP,…

In an exceptional forecast by industry experts, the price of silver, widely known as white metal, could escalate to a staggering ₹1.17 lakh per kilogram within a year. The white metal, which has traditionally stayed in the shadow of its pricier counterpart gold, is readying itself to bask in its own substantial market attention. Economic…

In the tumultuous world of the gold market, the last several days have seen gold prices stalling at a significant resistance level. This pause in upward movement, coupled with a few key indicators, are leading some investors and analysts to question if a bearish continuation is on the horizon. Gold, characterized by its inherent volatility,…

In a remarkable downturn, the gold price has plunged to $2,833, backing strong bearish reversal indicators spotted earlier. This substantial change in the gold market falls in line with historical trends, confirming the cyclical nature of the commodity and highlights potential future fluctuations. Traders must closely observe their strategies amidst such fluctuating conditions. The drop…

Investors are keeping a keen eye on the silver market as the XAG/USD continues to climb steadily. Supported by robust market fundamentals and increased investor interest, silver is on a positive trajectory. However, the bullish run is capped by the 100-day Simple Moving Average (SMA). Despite this cap, the upward trend of the XAG/USD underlines…

Silver, the precious white metal, is showing auspicious signs of a potential breakout in its price, as bull market actors staunchly defend key support levels. This situation is driven by long-term investors, who, displaying unwavering confidence in the metal’s intrinsic value, stand firm against downward pressures. The key support levels have proven to be a…

The silver market has consistently experienced pressures from above, marking a distinctly turbulent period. Despite the headwinds, the precious metal continues to reflect a resilient spirit, hinting at underlying strengths that could potentially signal lucrative future prospects. Bullions, mining stocks, and exchange-traded products have all exhibited consequences of this pressure, but likewise also reveal silver’s…

Emerging from a period of consolidation, Silver Gas seems to be eying a progressive recovery following a bullish reversal breakout. This surge registers on the radar of major market players and denotes a promising trajectory for the metal commodity market. The predictive outcome is largely attributable to positive macroeconomic indicators acting as catalysts to this…

With the ongoing uncertainties in the global economic landscape, all eyes remain on the silver markets. The precious metal, famously known as ‘poor man’s gold’, continues to display a robust resilience, seemingly unfazed by the evolving macroeconomic environment. Despite facing several near-term pressures, silver has managed to maintain its lustre, consistently looking at major resistance…

In light of the latest developments in the global market, silver prices have seen a notable upturn. XAG/USD, the silver-to-dollar exchange rate, has made a remarkable climb above the 100-day SMA (Simple Moving Average), shining a positive light on silver’s market status. This rise hints at potential trends in the precious metals market and could…

Today, the global commodities market has observed a remarkable fluctuation in the prices of Gold and Silver. On 14/11/2024, the price of Gold per ounce reached a historical peak, creating a buzz within the investment communities. Investors are swarming towards these precious metals as a safe haven, amidst the economic turmoil. On the other side…

Silver Price Outlook n Silver, the precious metal, continued to receive supportive action on Thursday, marking yet another day of its steady performance in the global market. This trend signifies the underlying strength in the silver market, offering considerable upside potential for investors. n nThis supportive action is driven by several factors, including inflation fears,…