Silver prices have been trading in a tight range following some volatility lately, and a few technicals suggest range-bound trading. Global trading volumes are moderate. Recent support and resistance levels seem to be under consideration in the market, based on analysts and chart data. Short-term technical indicators, meanwhile, are pointing to some recovery attempts in…
Silver is trading around the $62 mark, although a short period of time saw prices spike higher before losing steam. The recent charts indicate the market is balanced; neither the buyers nor the sellers can dictate the market in the short term. Silver consolidates from a bull market swing across several time frames. But momentum…
Buyers supported the lower-$58 price zone, boosting silver off its previous intraday low to settle just under $59.16. The rebound has lifted immediate downside pressure, but the charts are not yet giving a clear indication of a complete trend reversal. Price continues to be held back by a number of wider resistance levels, while momentum…
Silver is trading around $70, with traders still in a narrowing trading range after last week's support bounce. XAG/USD tested the lows very recently, but the price action is yet to surpass the resistance lines to validate a firm rally. Price action has been narrowing after some high-volatility sessions. Buyers have been able to hold…
TL;DR Coinbase Derivatives announced 24/7 gold and silver futures contracts for US traders. The products are positioned as regulated commodities exposure through Coinbase’s derivatives arm. Coinbase also indicated that oil futures are planned as a later expansion. Coinbase Pushes Further Into Regulated Futures Coinbase Derivatives is expanding its regulated futures lineup with 24/7 gold and…
Silver is trading inside an important decision area as traders await to see if the precious metal can stabilize at its recent bottom and continue to rise higher. As can be seen on the latest XAG/USD charts, the price has been consolidating after a robust rally and is now forming a new daily chart setup,…
The silver move coincided with a rising inventory of the same metal in SHFE vaults and a deteriorating chart structure from the side of the platinum analysts. Silver was broadly down, and platinum had fresh technical weakness in precious metals in Shanghai. Silver and gold, palladium and platinum also ended the session down, with silver…
Crypto analyst Crypto Patel has outlined a roadmap for a Litecoin rally to $1,000. He noted that LTC is currently in a multi-year accumulation phase, which is why he remains bullish despite the altcoin being down over 80% from its all-time high. The Roadmap For A Potential Litecoin Rally To $1,000 In an X post,…
Gold, silver, and platinum traded mixed as metals continued testing important trendline support zones. Analyst Ian Cooper said gold was up 0.2% and silver gained 0.9%, while platinum dropped 0.6% at the time of his update. Cooper noted that all three metals remain focused on the orange trendlines shown on his charts. While prices stay…
XAGUSD was near a short-term pivotal zone following a rejection of silver around $74. Traders on X published technical charts that revealed that silver met a barrier near the top, while buyers were also watching for a potential response at $73. The most recent silver price analysis put $73 as the primary support level and…