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SILVER


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S&P 500 at all-time highs, expected to make bigger moves ahead – Volatility report

Volatility remains low across the FX spectrum with the exception of EUR/USD Gold volatility drops but silver remains at its midpoint; oil and Bitcoin set for small moves S&P 500 volatility rises significantly; remaining stock indices in calmer waters Volatility in EUR/USD has jumped as the pair recorded a sizeable correction last week following some key data releases.
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Technical Analysis – Silver recovers but picture still cautiously negative

Silver prices bounce back after seven-week decline Momentum oscillators around their neutral levels Break either above 24.60 or below 21.90 would signal direction   Silver prices have risen over the last week, breaking above a downtrend line to recover a small chunk of the losses from the selloff that started in early December.
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Silver has recorded an aggressive downward move since December’s high It is now hovering at the lower boundary of its multi-month rectangle Momentum indicators mostly balanced after the downleg Silver is edging higher again today, trading above the busy 22.24-22.50 area and possibly preparing to test the resistance set by the December 4, 2023 descending trendline.
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Volatility Report – January 23, 2024

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels.
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Volatility Report – January 16, 2024

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high  The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases.
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Volatility Report – January 9, 2024

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward.
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Volatility Report – December 19, 2023

EUR/USD volatility eases aggressively, major JPY crosses remain in turbulent waters Gold and oil volatility at their midpoints, silver expected to experience sizeable moves Volatility drops in stock indices except JP225; Bitcoin returns to calmer periods EUR/USD expected volatility dropped to the lowest level of the past 30 days as the market appears to be preparing for the much-needed break.
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Technical Analysis – Could silver bulls stage a rebound?

Silver trades sideways today after a quick 12% correction Sell-off stopped a tad below a busy resistance area Momentum indicators are sending mixed signals Silver is trading sideways today, bouncing off the October 5, 2023 ascending trendline and trying to test the resistance set by the 50-day simple moving average (SMA). This appears to be the first reaction from the bulls after six consecutive sizeable red candles that pushed silver around 12% below the December 4, 2023 high of 2
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Volatility Report – December 12, 2023

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last w
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Volatility Report – Introducing our new weekly publication

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument's price, which is derived from market-traded option prices.
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Technical Analysis – Silver prices edge lower, trapped under trendline

Silver remains in a downtrend, after recovery runs out of fuel Prices trading below trendline and key moving averages  Break above 23.60 or below 22.20 could signal next move Silver prices remain trapped in a downtrend, with a clear structure of lower highs and lower lows in place since May. The market is also trading below a trendline drawn from the May peak, as well as below the 50- and 200-day simple moving averages (SMAs), all of which suggests that the technical outlook
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Technical Analysis – Silver turns lower after violation of triangle pattern

Silver prices fall sharply following the break of a triangle  Outlook has turned negative, confirmed by ‘death cross’  Psychological level of 20.00 might be next obstacle for sellers   Silver prices fell without a parachute in recent weeks, hitting their lowest levels since March after breaking a triangle pattern to the downside.
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Technical Analysis – Silver hopes for some recovery after freefall

Silver hits multi-month lows but bears look exhausted A bounce above 21 could improve sentiment Silver extended Monday’s freefall to a seven-month low of 20.66 on Tuesday before turning slightly positive in the day during the early US trading hours. The slump in the price preceded the close below the one-year-old support trendline, but the metal seems to be forming a long-legged hammer candlestick today, suggesting that the downfall could take a breather.
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Technical Analysis – Silver remains stuck inside triangle pattern

Silver trades between trendlines that form a triangle Outlook is neutral, moving averages have flattened Break on either side of triangle will reveal next big move Silver prices continue to trade within a symmetrical triangle pattern, formed by a longer-term uptrend line drawn from the lows of September 2022 and a downtrend line connecting the peaks of May.
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Technical Analysis – Silver trapped inside a triangle pattern

Silver prices are trading above a long-term uptrend line taken from the lows of September, but below a downtrend line drawn from the peaks in May. The combination suggests silver is locked inside a symmetrical triangle pattern, a break of which will likely reveal the next major directional wave.  Momentum oscillators paint a relatively neutral picture.
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Silver is edging higher as the market is digesting today’s data releases and the bulls are trying to make a stand, following the aggressive sell-off from the July 20 high of 25.25. With the 200-day simple moving average (SMA) broken, the bulls have pinned their hopes in defending the busy 22.24-22.50 area and preventing the formation of a lower low.
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Technical Analysis – Silver stabilizes above recent rectangle

Silver is edging higher today but continues to hover around the 24.92 level. The bulls have staged another breakout of the December 2022-February 2023 rectangle, breaking the recent series of lower lows and lower highs, but the 7.5% jump in just two days does not appear to have a follow-through. The momentum indicators are mostly on the bulls’ side at this juncture. The Average Directional Movement Index (ADX) is finally above its 25-threshold and hence pointing to a strong bullish trend in
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Silver is edging lower today as the lower boundary of the December 2022-February 2023 rectangle has taken up a resistance role. The June 21, 2023 bearish breakout was stopped again at the 22.24-22.59 area, prompting a move higher and disappointing the bears. However, a bearish series of lower highs and lower lows since the May 5, 2023 high remains firmly in place.
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Silver recorded a very strong bearish move yesterday and it is now hovering around the 23.00 area and the lower boundary of its December 2022-February 2023 rectangle. It is ready to record another bearish breakout with the bears hoping that this endeavor will be more successful than their May 25 attempt, when silver quickly rebounded higher. The bears are keen on a strong sell-off as most momentum indicators appear to be on their side.
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Technical Analysis – Silver back inside its early 2023 rectangle

Silver is edging lower today as market participants weigh their options after the sizeable correction. The recent double top pattern achieved its theoretical target of 22.90 and thus does not appear to exert bearish pressure anymore. Silver has actually returned inside its December 2022-February 2023 rectangle, hence pointing to a range-trading phase.
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