Today you will see silver price prediction based on technical analysis - the support and resistance on the daily time frame, and where to expect the price to breakout for the XAGUSD based on the supply and demand zones.
It was easy to watch the gold and silver markets in 2024 as they rallied throughout most of the year. But there are risks to an extension of that rally in 2025, including what happens in the stock, yield, and Bitcoin markets.
We have only one week in December that has passed so I will not make any conclusions but for now the price is staying above a very critical support level.
With the VIX’s clock turning bullish after next week, coupled with the rare weekly RSI reading, the data supports more uncertainty, which is bearish for silver.
As global tensions and market uncertainty continue to escalate, silver prices are experiencing a significant rise. This surge has resulted in notable gains for silver-linked ETFs in recent trading sessions.
All markets will eventually regress to the mean. Smart money professional traders trade with these regressions whereas the more retail type person tends to trade a little bit more emotionally. This was a lesson that took me many years to learn.
Usually the time before FOMC is neutral, and the FOMC resolution is Bullish. Technically I would look at the declining line connecting the latest silver lows.
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Over the years (and decades), silver travels a path fraught with excitement and disappointment. Both emotions stem from 3 things that are killing silver - unrealistic expectations, inflation, and time.
The 26 analysts forecast, on average, that silver would reach $31.82 per troy ounce by the end of 2023. Silver reached $32.41/ozt. today, December 7th.
Silver, a precious metal with a storied history, remains an attractive investment option for those seeking a hedge against economic uncertainties and inflation.
Given what is going on in the world, silver is regarded as probably the best value investment around with very little downside and huge upside. It is still significantly undervalued relative to gold,
In this weekly market report, we will take a look at the various asset classes, industries, equity categories, and exchange-traded funds that moved the market higher, as well as the market segments that defied the trend by moving lower.
Silver's uptrend since its low one year ago, although impressive, is still part of a longer-term downtrend that is almost three years old.
Before silver can reach $30 oz. it must break through its previous highs at $28 oz. from 2021 and 2020.
Silvergate Bank, overexposed to cryptocurrencies, liquidated this week. Two days later, trading in Silicon Valley Bank stock was halted amid a seeming run on the bank. Things have been breaking bad for banks this week.
While the biggest opportunity lies in the junior mining stocks right now, it seems to me that gold is likely to provide us with a decline that also might be useful.
