Hot topics

Finance

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Marketing

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Politics

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Strategy

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Silver Drops to $29 as Fed Slows Rate Cuts

Silver prices dipped below the $29.7 support, marking a three-month low. This decline was influenced by expectations of a more aggressive Federal Reserve and a dim view of silver’s use in industry.

Silver Technical Analysis - 19-December-2024
Silver Technical Analysis – 19-December-2024

Fed Signals Slowdown in Rate Cuts Amid High Inflation

The Federal Reserve hinted at fewer interest rate reductions next year, responding to high inflation, pressures from government spending, and new tariffs under President Trump’s incoming administration.

This outlook contributed to weaker demand for the commodity, particularly in industrial applications, causing its performance to lag behind gold in the last quarter of the year.

Silver Demand May Drop as China Controls Solar Supply

A surplus supply in China’s solar panel sector prompted photovoltaic (PV technology) manufacturers to join a government-led self-regulation industry, which might control supply and reduce silver demand.

Furthermore, the possibility of a yuan depreciation driven by China’s monetary policies also contributed to lower Silver prices.

Silver Technical Analysis – 19-December-2024

Silver Drops to $29 as Fed Slows Rate Cuts
Silver Drops to $29 as Fed Slows Rate Cuts

XAG/USD trades in a bear market, below the 50-period simple moving average. However, robust selling pressure caused the Stochastic and RSI 14 to step into oversold territory.

The momentum indicators records show 18 and 29, respectively, meaning a pullback in Silver prices could be on the horizon. 

$30.1 Key Level for Silver’s Next Move

The immediate resistance is at $29.7. From a technical perspective, Silver prices could consolidate toward the upper resistance levels if bulls pull the prices above $29.7. In this scenario, the $30.1 resistance could be targeted.

The $30.1 barrier can provide a decent ask price to join the downtrend strategically. Therefore, retail traders and investors should monitor this level closely.

Kindly note that Silver’s trend outlook remains bearish as long as the prices are below $30.8.

Latest Posts

Bitcoin Analysis: Technical, Fundamental & News

Discover the latest Bitcoin analysis with our expert insights....

GBPUSD Analysis: Technical, Fundamental & News

Discover the latest GBPUSD analysis with our expert insights....

EURUSD Analysis: Technical, Fundamental & News

Discover the latest EURUSD analysis with our expert insights....

EURUSD began consolidating from 1.017: rose 0.85%

EURUSD began consolidating from 1.017 and rose 0.85%, trading...

Litecoin Gained 7.1%: What’s the Next Target?

Litecoin gained 7.1%, marching slowly toward $100.0. The uptrend...

Gold Exceeded $2665: Now Overbought!

Gold exceeded $2665 resistance. However, robust buying pressure made...

Bullish Symmetrical Triangle Signals NATGAS Breakout

NATGAS trades sideways in a low-momentum market inside the...

Crude Oil Holds at $72.8 After Initial Price Dip

Crude Oil price dipped from $75.24, testing the %50.0...

Gold Stays Below $2665 Ahead of US Economic Data

On Monday, the price of gold remained below $2,665...

US Gasoline Futures Hit $2.07 Amid Oil Surge Amid Oil Surge

Gasoline futures in the US have climbed past $2.03...

NATGAS Dips 14% Amid Low Storage Draws

Natural gas prices in the U.S. fell sharply by...

WTI Crude Slips From $74 as Dollar Strengthens

Crude oil prices for West Texas Intermediate (WTI) dipped...

NATGAS is Hit $4 As the Year Ends

NATGAS hit $4.0, trading in a robust uptrend. The...