Silver Forecast for Today: Silver price (White Metal) fades corrective pullback from the monthly low marked the previous day as it renews its daily bottom around $18.92 during Tuesdayβs Asian session. In doing so, the bright metal justifies the downbeat oscillators while extending the six-day downtrend below a one-week-old descending resistance line.
Silver
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GoldΒ Price Forecast: Below $1744 Target Key Level $1735β$1720
GoldΒ Price Forecast: Yellow Metal (XAU/USD) priceΒ drops for the fifth-consecutive day, set to finish the week down by 3%, triggered by sentiment shifting sour, while the US dollar reaches a five-week high against a basket of currencies. At the time of writing, gold is trading at $1746 a troy ounce.
Below $1,744 Downside open For Gold Bear Traders [19-08-2022]
Gold Forecast for Today: βA sustained move below the $1,744 psychological level will be on their radars to aim for the next downside target near the $1,732β$1,724 region.β
Gold Silver to Remain Volatile on Growth Worries, Inflation, Geopolitical issues
Gold silver price trade steady after inching lower in the previous session, as the dollar and Treasury yields pulled back slightly after U.S. FOMC minutes hinted policymakers may be less aggressive on future rate hikes.
Investment Demand to Lift India’s Silver Imports to Record High
India’s silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.
Gold Holds Drop After Fed Minutes Signal Slower Rate-Hike Pace
Gold held a drop as investors weighed minutes from the Federal Reserveβs July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.