Silver prices middle range created during the summer
commodities

Silver Prices Edge Lower, No Support

Silver Prices Edge Lower, No Support

Silver

  • Buz Investors Silver Prices Edge Lower The precious metal is trading at $16.10 per ounce at 10:40 GMT this morning, 0.28% lower from the New York close.
  • During the session, silver traded at a high of $16.27 per ounce and a low of $16.09 per ounce. In the New York session on Friday, silver rose 0.16% and closed at $16.14 per ounce, tracking gains in gold prices. Immediate downside,
  • the first support level is seen at $15.96 per ounce, while on the upside, the first resistance level is at $16.27 per ounce.

Silver Prices Edge Lower

Buz Investors Silver Prices Edge Lower The precious metal is trading at $16.10 per ounce at 10:40 GMT this morning, 0.28% lower from the New York close. During the session, silver traded at a high of $16.27 per ounce and a low of $16.09 per ounce. In the New York

Silver Prices Edge Lower  worldwide fundamentals had been more supportive on Monday with a weaker dollar towards the yen and dip in bond yields, but silver was unable to take gain and prices registered a small day by day decline.

The latest COT records recorded a small growth in the quantity of lengthy, non-commercial silver positions to close to 67,000 contracts within the trendy week from just beneath 60,000 the previous week. This became the first boom for five weeks and, for the reason that latest positioning shifts were quite limited, the ultra-modern lengthy role became the very best because early October. The information will increase the threat of function liquidation if there’s any similarly promoting in spot costs.

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Silver Prices Edge Lower

Silver Prices Edge Lower The dollar drifted weaker in opposition to the yen on Monday with a take a look at of help close to 117.00, but the capability guide for silver was offset by using a more potent US forex against primary european pairs. Silver drifted lower throughout the Asian session with the trend persevering with into Europe as risk appetite stabilised.

 

Commodities ( Gold ) ( Silver ) ( Lithium )




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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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