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SILVER


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Technical Analysis – Silver bulls roar back; meet key resistance

Silver staged an exciting rally to re-enter the 22.00 region on the back of Powell’s dovish tone on Wednesday.

Daily Market Comment - Equities begin the last quarter on positive note; RBA delivers smaller hike

Wall Street rebounds on worse than expected ISM PMI Pound extends recovery on UK government’s U-turn RBA hikes by 25bps, RBNZ takes the torch Gold gains on sliding bond yields Wall Street rebounds, yields slide on ISM PMI miss Equities finished the first trading day of this year’s final quarter on a positive note, with all three of Wall Street’s main indices gaining more than 2% as Treasury yields pulled back on the larger-than-expected slide in the ISM manufacturing PMI.

Technical Analysis – Will silver erase its Wednesday rebound?

Silver jumped on Wednesday after triggering some buy orders near the 17.95 zone. However, the spike up was stopped by the 18.

Silver has been on the sidelines since its quick bounce at the end of July topped at an almost two-month high of 20.

Technical Analysis – Silver tests a make-or-break point

Silver’s long-term neutral outlook is at risk of a downgrade as the bears keep challenging the floor around 21.

Technical Analysis – Silver’s advance falters but bias remains bullish

Silver has been edging higher in the short term, generating a clear structure of higher highs and higher lows.

Technical Analysis – Silver confronts 200-MA and upper Bollinger band

Silver is simultaneously overpowering the 200-day simple moving average (SMA) at 24.22 and the adjacent upper Bollinger band around 24.

Silver has been trending downwards in the short term after its recent rebound was rejected by the 200-day simple moving average (SMA).

Silver has been plunging since early May, generating a clear structure of lower highs and lower lows. Nevertheless, in the last couple of sessions the metal has gained some traction as negative momentum seems to be fading.

Silver has staged a notable rebound after its long-term downtrend halted at the 21.40 region in September.

Technical Analysis – Silver’s rebound in question as positive momentum fades

Although silver has been giving up ground since early May, the precious metal has recently demonstrated promising signs for a rebound.

US Open Note – Stocks recover and dollar takes back seat

Market Sentiment picks up and central bank meetings draw focus The major US indices are gradually extending yesterday’s rebound while the dollar continues to dwindle.

US Open Note – Dollar ticks green as markets eye central banks this week

Dollar demand weighs on major peers; US yields assist It appears markets have already forgotten Friday’s disappointing data regarding new jobs created.

US Open Note – Stocks near highs and dollar flickers green on hawkish Fed rhetoric

Markets prepare to digest Lagarde’s speech and US consumer confidence data After Friday’s weaker than expected PCE inflation, and expected tapering talk over the summer, not to mention yesterday’s confident tone from Fed officials around their inflation goal, the main focus will turn to Friday’s payrolls report for clues in the labour sector.

US Open Note – Stocks log slight gains while greenback is unreactive

Stocks glow temporarily and dollar digests US GDP and jobless claims While stocks marginally pick up and the Nasdaq 100 index claims a new all-time high, the threat of rising inflation, associated with supply bottlenecks, continues to be somewhat downplayed.

Silver is exposed to additional downside corrections following last week’s crash below the long-term ascending trendline.

US Open Note – Stocks stabilize and dollar strength lingers

Stocks level as yields support dollar; eyes on Fed Chair’s testimony US major indices are currently poised after yesterday’s rally that recaptured the ground lost after the Fed’s hawkish shift and indication that tapering is on the horizon, along with two interest rate hikes in 2023.

US Open Note – Stocks keep modest advance, dollar mostly muted    

Stocks tick up, Retail Sales and PPI data mixed US major indices are perky, with the S&P 500 index and the Nasdaq 100 tiptoeing to new highs and with the Dow Jones industrial index lagging slightly.

Technical Analysis – Silver fakes downside break of bullish channel’s lower band

Silver is currently pushing up against the fairly neutral 100- and 50-period simple moving averages (SMAs), after buying interest picked up around the 200-period SMA at 27.

US Open Note – Stocks muted near highs, dollar receives hawkish shot

Stocks risk appetite fades; dollar briefly gains an edge US major indices remained largely unchanged near their highs, while the dollar got a boost from the Fed tapering talk-jab, which saw the greenback regain the upper hand over some of its peers in the forex space.



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