SILVER: The pressure on the metal is saved

By | July 21, 2015

Recently precious metals remain under pressure. A key factor in this dynamic can be called expectations the US Federal Reserve monetary policy. The market to price in the likelihood of a rate hike soon began (the current level of 0 – 0.25%). Silver does not yield interest and, in such circumstances, of course, is less attractive. An additional factor of pressure on the white metal may be published on Wednesday, data for the real estate market on the condition that they will come out above expectations.

The prices are in a downtrend. At the moment they started upward correction. But in the level of 15.125 mentioned resistance. No additional catalysts this barrier is unlikely to be overcome. Therefore, it is likely rebound in prices of this mark and the resumption of the fall.

silver chart
Silver chart
Trading analytics
Silver (XAG/USD)   –   sell silver   –   Entry price: 15,125. Goal: 14,538. Stop loss: 15,604.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.
Share on FacebookShare on Google+Tweet about this on Twitter

One thought on “SILVER: The pressure on the metal is saved

  1. Midge

    And to think I was going to talk to somenoe in person about this.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *