Silver price (XAG/USD) prints a fresh two-week high at $23.00 as the appeal for bullion improves due to deepening Middle East tensions. Israel is read
Silver price climbs to $23.00 as deepening Middle East tensions improve the safe-haven appeal. The US Dollar and long-term bond yields have recovered strongly after upbeat US Retail Sales data. Silver price jumps above the 50% Fibo retracement at $22.85. y for the ground invasion of the Gaza Strip from terror attacks from the Hamas military group.
It would be interesting to know whether Jerome Powell would join other teammates and support a steady interest rate policy due to rising Treasury yields or will consider some further policy-tightening appropriate. Silver technical analysis Silver price climbs above the 50% Fibonacci retracement at $22.85. The white metal continues to find support from the 20-period Exponential Moving Average , which trades around $22.60. The Relative Strength Index climbs into the bullish range of 60.00-80.
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