Silver experienced a small pullback during Monday’s trading session, but buyers quickly stepped in, turning the market around as they saw an opportunity to buy 'cheap silver.'
If silver can build up enough pressure to break through the resistance level, the next significant hurdle will be the $27 level. The momentum behind the market is strong, but the market needs to attract enough buyers to maintain the upward trend. Short-term pullbacks could be expected, but the overall trend is upward.
The US Dollar has a negative correlation to the silver market, but it is not the only factor affecting the market.It is essential to pay attention to industrial demand, which can influence the market, as the global economy slowing down may result in a drag on silver demand.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Police looking for 2 men who brutally beat employee at Long John Silver's in LorainLorain Police are looking for the two men responsible for a brutal beating of a Long John Silver’s employee on April 14.
Weiterlesen »
Networks of Silver Nanowires Appear to Learn And Remember Like The Human BrainOver the past year or so, generative AI models such as ChatGPT and DALL-E have made it possible to produce vast quantities of apparently human-like, high-quality creative content from a simple series of prompts.
Weiterlesen »
1,000-year-old silver Viking coins were found in DenmarkA young girl in Denmark found 1000-year-old coins in the cornfield.
Weiterlesen »
Oil edges lower, extending last week's slumpOil futures tick slightly lower Monday, attempting to stabilize after last week's big drop.
Weiterlesen »
School bus crash in Silver Spring area under investigation, police sayFive children and one adult were transported for medical treatment. Parts of Old Columbia Pike are shut down for the investigation.
Weiterlesen »
Silver Price Analysis: Bulls take back control within channelAs per the prior analysis, Silver Price Analysis: US Dollar´s bearish correction could still support, but bears are moving in, a downside bias was for
Weiterlesen »