Silver (XAG/USD) price continued its uptrend for the fourth straight session, trading near $32.30 per troy ounce during the Asian trading hours on Thursday (February 6). Technical analysis on the daily chart highlights a strong bullish bias, with the price maintaining its upward trajectory within an ascending channel.
The XAG/USD pair remains above the nine-day and 14-day Exponential Moving Averages (EMA), indicating solid near-term momentum. Moreover, the 14-day Relative Strength Index (RSI) is nearing the 70 level, which reinforces the bullish sentiment. A break above the 70 level could signal overbought conditions, potentially leading to a downward correction.
On the upside, Silver price faces immediate resistance at its three-month high of $32.56, last touched on February 5. A decisive break above this level could pave the way for a test of the upper boundary of the ascending channel at $33.10.
Source: FXStreet
Silver prices on October 30, 2025, showed stable movement despite market uncertainty. After several days of pressure, silver managed to recover slightly, moving around $23.50 per ounce this morning. T...
Silver (XAG/USD) strengthened on Wednesday (October 29th), rising 2.50% for the day and trading around $48.25 per ounce at the time of writing. The gray metal benefited from renewed interest in safe-h...
...
Silver prices fell to around $48 per ounce on Monday (October 27th), continuing last week's sharp decline. Safe-haven sentiment began to weaken as the market saw the possibility of a US-China trade tr...
Silver (XAG/USD) weakened on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidated below the psychological $49 level. The precious met...
The Hang Seng Index plunged 376 points, or 1.4%, to close at 25,907 on Friday, marking its third consecutive session of decline amid widespread declines across sectors. Market sentiment weakened after China's official PMI showed manufacturing...
European stocks edged lower on Friday (October 31st), with the STOXX 50 and STOXX 600 down 0.1%, as corporate earnings remained in focus and investors continued to assess the impact of the recent US-China trade truce. Among the stocks moving,...
The Nikkei 225 index closed higher on Thursday (October 31, 2025), driven by strong gains in technology and electronics stocks. Positive sentiment emerged after the Bank of Japan maintained its policy interest rate, while a weaker yen boosted the...
The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the Monetary Policy Statement following the...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by...
Japan and the United States have agreed to cooperate on next-generation nuclear power reactors and rare earths, as Tokyo seeks to re-enter the...