SILVER: The Fed comments can cause to fall price on the metal to 14,000

By | July 29, 2015

Silver shows in recent days rather restrained trend on expectations of publication of the decision on the monetary policy of the US Federal Reserve. Or rather, not the decision itself, and the comments that will make the regulator. If he confirms his aggressive attitude and will make it clear that the increase is possible in September, white metal, which does not bring interest income may be under severe pressure. Such expectations are not unfounded, because the US statistics in recent years quite positive (eg, the labor market in April 2014, where the economy creates more than 200,000 jobs per month, above expectations this week came out and data on orders for durable goods 3, 4% versus + 3.2% expected).

Quotations of silver dropped to 6 years minimum. The district-level 14,400 precious metal to form a support. Until she was overcome in part influenced by profit, partly on expectations the publication of important macroeconomic data. But the emergence of new catalysts could provoke her breakthrough that will enhance the activity of “bears“.

silver chart
Silver chart

Trading analytics

Silver (XAG/USD)   –   sell silver   –   Entry price: 14,400. Objective: 14,011. Stop loss: 14,778.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and does not guarantee a result.  

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