Silver stays firm after rallying more than 6% on Monday on investors’ flight to safety following the collapse of the Silicon Valley Bank and Signature Bank. Nevertheless, worries about a potential spread had waned. At the time of writing, the XAG/USD (Silver) exchanges hands at $21.68 a troy ounce.
Silver
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Silver Technical Analysis: consolidation Zone $20.20-20.85
Silver Technical Analysis: Silver price is displaying a consolidation formed in a range of $20.20-20.85 after a sheer perpendicular downside on an hourly scale. The asset looks vulnerable as the 20-period Exponential Moving Average (EMA) at $20.70 is acting as a barricade for the Silver price.
How Will Gold React to the Federal Reserve Minutes?
“The Gold price reaction to the Fed Minutes could be limited, as traders could see it as outdated and choose to pay more attention to Friday’s United States Core PCE inflation – the Fed’s preferred inflation gauge.”
MCX Gold Jackpot Call: Sell Gold Target 500—1000 Points
MCX Gold Jackpot Call: Trade With 1000— 500 Lots, SELL MCX Gold Target Price 500—1000 Points. Trading Tips By Neal Bhai (MCX King)
Gold Price Technical Analysis: Yellow Metal Ready for Target $1827—$1812
Gold Price Technical Analysis: Gold price yielded a daily closing below the critical 50-Daily Moving Average (DMA), now at $1,860.
Gold price (Yellow Metal) failed attempt to rebound from $1,860, Federal Reserve talks
Gold price (Yellow Metal) failed attempt to rebound from $1,860, as market sentiment stays sluggish amid mixed signals from the Federal Reserve and the geopolitical front. Adding confusion to the metal traders’ minds could be the lack of major data/events. Even so, the bullion remains on the bear’s radar as the United States Treasury bond yields remain firmer.
US-China tussles add strength to geopolitical tension and favor Gold sellers
US-China tension is extra burden for Gold (Yellow Metal)— Other than the United States data and monetary policy moves at the European Central Bank (ECB), as well as at the Bank of England (BoE), the latest geopolitical tension surrounding the US and China also exerts downside pressure on the Gold price.