Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.
- Silver price is experiencing a downturn, influenced by rising US Treasury yields and geopolitical uncertainty following a statement about a ceasefire.
- The technical outlook suggests a bearish bias, with a lower-high structure and a bearish RSI indicating potential further declines towards $55.00.
- Factors influencing silver prices include its safe-haven status, interest rates, USD performance, industrial demand, and its correlation with gold.
Topics: Asset types, Market cycles macro sensitivity, Alternative assets, Market volatility liquidity, Interest rate sensitivity
Tags: #silverprice #xagusd #ustreasuryyields #geopoliticaluncertainty #bearishbias #rsi #supportlevels #safehavenasset #preciousmetal
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