Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Live

Silver Price Forecast: How Bad Have Bulls Been Harmed?

2 weeks ago
in Live
3 min read
Silver Price Forecast: How Bad Have Bulls Been Harmed?
Share on FacebookShare on Twitter


Silver Price Forecast Overview:

  • Silver volatility has gone up in recent days, but silver prices have come down. That’s not a good sign, as silver price and silver volatility typically enjoy a positive correlation.
  • Nevertheless, long-term technical studies still suggest that a bottoming process is underway, and even a near-term pullback in silver prices has not and may still not disrupt the narrative.
  • Recent changes in sentimentsuggest that silver prices have a mixed outlook in the short-term.

Silver Prices Suffer

Silver prices had a rough start to 2021, initially trading higher prior to plunging over -3.5%. The surging coronavirus pandemic has put the jilted US economy back into a state of lockdown, which in the spring 2020 proved detrimental to silver’s fundamental foundations. But now, even amid the prospect for more US fiscal stimulus, a spike in US Treasury yields without a concurrent rise in inflation expectations has actually boosted US real yields, undermining a key tenet of the silver price bullish narrative in 2020 and 2021.

Silver’s Longer-term Fundamentals Remain Solid

Longer-term, rising government deficits and prolonged low interest rates are an environment like what transpired in the 2009 to 2011 period. With the global economy is looking ahead to a period of significant growth post-pandemic, silver prices have a recent historical precedent to suggest that they will benefit over the coming months, if not longer. Long-term technical studies still suggest that a bottoming process is underway, and even a near-term pullback in silver prices has not and may still not disrupt the narrative.

Trading Forex News: The Strategy

Trading Forex News: The Strategy

Recommended by Christopher Vecchio, CFA

Trading Forex News: The Strategy

SILVER PRICE TECHNICAL ANALYSIS: DAILY CHART (January 2020 TO January 2021) (CHART 1)

Silver Price Forecast: How Bad Have Bulls Been Harmed? - Levels for XAG/USD

Silver prices have once again dropped below the 23.62% Fibonacci retracements of the 2020 low/high range at 25.5594, where previous rallies failed (most recently in October and November 2020).

Silver prices are below their daily 5-EMA, which while remaining in bullish sequential order, is souring quickly. Daily Slow Stochastics are quickly racing lower towards their signal line, daily MACD is now trending lower, still above its signal line. It is thus the case that, in the near-term, a deeper pullback can’t be ruled out, but won’t draw into question the potential bullish breakout attempt unless the July-December triangle is reentered.

SILVER PRICE TECHNICAL ANALYSIS: WEEKLY CHART (November 2010 TO January 2021) (CHART 2)

Silver Price Forecast: How Bad Have Bulls Been Harmed? - Levels for XAG/USD

Our long-term bullish view on silver prices remains. “The recent triangle consolidation is occurring in context of the breakout from the downtrend dating back to the August…



Go to the news source: Silver Price Forecast: How Bad Have Bulls Been Harmed?

Tags: badbullsforecastHarmedPriceSilver
Previous Post

Winter freeze drives up gas prices — with higher costs yet to come

Next Post

Son Of Conservative Media Critic L. Brent Bozell Charged In Jan. 6 Capitol Riot …

Related Posts

India’s forex reserves increase by $689 million to $584.55 billion
Live

India’s forex reserves increase by $689 million to $584.55 billion

by Forex News
March 5, 2021
0

MUMBAI : India's forex reserves increased for the second consecutive week, touching $ 584.554 billion as of February 26,...

Read more
February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
Live

February US Nonfarm Payrolls w/ Christopher Vecchio, CFA

by Forex News
March 5, 2021
0

https://www.youtube.com/watch?v=C4VBGipRTow US NFP Preview:According to a Bloomberg News survey, consensus forecasts call for a gain of +182K from +49K...

Read more
Forex Signals Brief for Mar 1: Trump in Focus
Live

Forex Signals Brief for Mar 1: Trump in Focus

by Forex News
March 5, 2021
0

US WrapPresident Trump was back on Sunday giving his first live speech in over a month.In what looked more...

Read more
sensex today: Stock Market LIVE Updates: Sensex sheds 200 points, Nifty slips be…
Live

sensex today: Stock Market LIVE Updates: Sensex sheds 200 points, Nifty slips be…

by Forex News
March 5, 2021
0

!1 New UpdateClick here for latest updatesHDFC twins, ICICI Bank, SBI pull Sensex lowerOPENING BELL | Sensex sheds 440...

Read more
USD/CHF races higher on no signs of abdication from king USD
Live

USD/CHF races higher on no signs of abdication from king USD

by Forex News
March 5, 2021
0

Federal Reserve's Jerome Powell disappoints the markets and sends bonds lower. US yields have shot above 1.5% again which...

Read more
Gold Price Swooning as Yields Rise Ahead of Powell Speech
Live

Gold Price Swooning as Yields Rise Ahead of Powell Speech

by Forex News
March 4, 2021
0

GOLD PRICE OUTLOOK: WILL FED CHAIR POWELL STEM THE BLEED AMID SURGING TREASURY YIELDS?Gold price action continues to get...

Read more
How to Choose a Reliable Forex Broker in 2021
Live

How to Choose a Reliable Forex Broker in 2021

by Forex News
March 4, 2021
0

The Forex market is the largest financial market in the world. As there is no centralized marketplace for the...

Read more
CIO Leadership: The CIO as a Change Agent to Drive the Business Forward Will Be …
Live

CIO Leadership: The CIO as a Change Agent to Drive the Business Forward Will Be …

by Forex News
March 4, 2021
0

Speakers and attendees in this interactive event will also explore the role of business technology executives in developing new...

Read more
Rupee slumps 27 paise to 72.99 against US dollar in early trade
Live

Rupee slumps 27 paise to 72.99 against US dollar in early trade

by Forex News
March 4, 2021
0

Mumbai, Mar 4 (PTI) The Indian rupee slumped 27 paise to 72.99 against the US dollar in opening trade...

Read more
sensex today: Stock Market LIVE Updates: Sensex tumbles over 550 points, Nifty b…
Live

sensex today: Stock Market LIVE Updates: Sensex tumbles over 550 points, Nifty b…

by Forex News
March 4, 2021
0

!1 New UpdateClick here for latest updatesRupee slumps 27 paise to 72.99 against US dollar in early tradeThe Indian...

Read more
Next Post
Son Of Conservative Media Critic L. Brent Bozell Charged In Jan. 6 Capitol Riot …

Son Of Conservative Media Critic L. Brent Bozell Charged In Jan. 6 Capitol Riot ...

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

2021: The next 3-4 months are going to be worse than financial markets are brace…

2021: The next 3-4 months are going to be worse than financial markets are brace…

3 months ago
Coronavirus latest: Boeing to lay off more than 12,000 workers from this week

Coronavirus latest: Boeing to lay off more than 12,000 workers from this week

3 months ago
No stimulus checks but there’s extra jobless aid

No stimulus checks but there’s extra jobless aid

3 months ago
China arrests Australian CGTN host Cheng Lei on suspicion of ‘illegally supplyin…

China arrests Australian CGTN host Cheng Lei on suspicion of ‘illegally supplyin…

4 weeks ago

Today Market News

India’s forex reserves increase by $689 million to $584.55 billion
Live

India’s forex reserves increase by $689 million to $584.55 billion

March 5, 2021
Live Business and Stock Market Updates
Economy

Live Business and Stock Market Updates

March 5, 2021
Father arrested in India for beheading his 17-year-old daughter
World

Father arrested in India for beheading his 17-year-old daughter

March 5, 2021
February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
Live

February US Nonfarm Payrolls w/ Christopher Vecchio, CFA

March 5, 2021
February job growth surges above expectations as coronavirus recovery picks up s…
Economy

February job growth surges above expectations as coronavirus recovery picks up s…

March 5, 2021
Live Foreign Currency Exchange Rates
Politics

US cases rise, deaths fall; California; Maryland; Texas

March 5, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz