Silver price (XAG/USD) delivers topsy-turvy moves in a narrow range of $21.00 as investors have sidelined ahead of the United States labor market data
Silver price trades sideways around $21.00 ahead of the US NFP report. The weak US ADP Employment report has cast doubts about sustaining resilient labor market conditions. The US Dollar Index is making efforts to defend the extension in the losing spell. . The volatility in the white metal has squeezed as trading volume has dried. S&P500 futures generated some losses in the London session, portraying a cautious market mood ahead of the US Nonfarm Payrolls report.
But signs of slowing demand including falling job openings mean we can continue to expect conditions to slow. Silver technical analysis Silver priceremains back-and-forth in a narrow range of $20.70-21.40 for the past three trading sessions. A consolidation pattern demonstrates a volatility compression and is followed by an explosion, which results in wider ticks and heavy volume. The 50-period Exponential Moving Average at $20.50 continues to act as a major barricade for the Silver price bulls.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Silver Price Analysis: XAG/USD remains choppy around $21.00 despite weak US job dataSilver price (XAG/USD) continues to trade sideways near $21.00 as the United States Automatic Data Processing (ADP) has reported that new private payr
Consulte Mais informação »
Silver Price Analysis: XAG/USD struggles near-six month low, at around $20.60, amid bearish biasSilver price (XAG/USD) remained heavy on Wednesday after last week’s more than 6% losses, which witnessed the white metal traveling from around $ 23.3
Consulte Mais informação »
Silver Price Analysis: XAG/USD consolidates as a triple-bottom pattern emerges at hourly chartSilver price (XAG/USD) remains subdued late in the New York session, printing mild losses of 0.35%, below $21.00 per troy ounce after hitting a daily
Consulte Mais informação »
Silver Price Analysis: XAG/USD remains confined in familiar range, bearish potential intactSilver attracts some buyers during the Asian session on Friday and currently trades around the $21.00 mark, up nearly 0.20% for the day. The white met
Consulte Mais informação »
Silver Price Forecast: XAG/USD on Bearish Path After Meltdown Ahead of US NFPIn this article, we conduct an in-depth analysis of silver’s outlook, incorporating insights from both fundamental and technical viewpoints ahead of key U.S. jobs data.
Consulte Mais informação »
Silver Price Analysis: XAG/USD clings to intraday gains above $21.00, not out of the woods yetSilver regains positive traction during the Asian session on Thursday and builds on the overnight bounce from the $20.70-$20.65 area, or its lowest le
Consulte Mais informação »