Category: Silver Price News

Key Takeaways Silver is currently correcting within a short-term downtrend. A break below the June 13 lows could lead to a continuation of lower lows. The 50-day Simple Moving Average may act as a barrier to further downside movement. Silver Price Analysis Silver (XAG/USD) is trading slightly lower in the $29.40s on Monday, showing some…

Key Takeaways: Gold prices on the MCX saw a marginal dip of Rs 10 per 10 grams Silver prices on the MCX increased by Rs 65 per kg Gold futures maturing on August 5, 2024, were trading at Rs 71,955 per 10 grams Silver futures maturing on July 5, 2024, were priced at Rs 89,155…

Key Takeaways: Silver price falls as US bond yields recover, reaching crucial support at $29.00. Fed officials advocate for only one rate-cut this year, impacting investor sentiment. Investors await US Retail Sales data for insight into future interest rate decisions. Silver Price Movement: Silver price (XAG/USD) has retreated to $29.00 support after reaching $29.60, due…

Key Takeaways: Gold prices on the Multi Commodity Exchange (MCX) showed a marginal dip, while silver prices saw a hike on June 17, 2024. Gold futures maturing on August 5, 2024, stood at Rs 71,955 per 10 grams, with a slight decrease of Rs 10. Silver futures due on July 5, 2024, were selling at…

Key Takeaways: Ten grams of 24-carat gold in Mumbai is priced at Rs 72,540. The price of 22-carat gold in Mumbai, Kolkata, and Hyderabad is Rs 66,490. Silver prices have also seen a dip, with one kilogram priced at Rs 90,900. Gold and Silver Price Update The price of 24-carat gold fell Rs 10 in…

Key Takeaways: Silver experienced a strong bull run in March to May 2024 but stalled just before reaching its target of $34.70. Consensus trades, especially among speculators, can prevent silver from moving higher in the short to medium term. The historic 2011 silver rally lacked speculators’ participation, showing that their involvement may not be beneficial…

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Silver Markets Technical Analysis Key Takeaways: Silver initially fell during Thursday’s trading session but bounced from the 50-day EMA. The bounce was due to both technical factors and the US PPI numbers missing expectations. A potential rally towards the $30 level is expected if the market can break above this key level. Support is seen…

Key Takeaways The US Federal Reserve held its benchmark interest rate steady at 5.25 to 5.5 percent following the FOMC meeting. May’s consumer price index showed a 0 percent change month-on-month and a 3.3 percent increase year-on-year. The Fed continues to monitor data for inflation before considering rate cuts. Markets reacted mixed to the news,…

Key Takeaways: Gold and silver futures traded under pressure due to the Federal Reserve’s signals on interest rates. MCX gold futures were down by 0.6% while MCX silver futures were down by 1.74%. Experts recommend selling gold and silver futures on rise with specific targets and stop losses. COMEX gold in the international market was…