Silver Price Forecast: XAGUSD slumps under $20.00 on spectacular US NFP – by christianborjon Silver XAGUSD Macroeconomics UnitedStates NFP Commodities Metals
will feature the Inflation data, namely consumer and producer indices, Initial Jobless Claims, and the University of Michigan’s Consumer Sentiment for August.The XAGUSD daily chart illustrates the pair is still facing solid resistance around the $20.00-$20.40 area, with buyers unable to crack it. Traders should note that the 50-day EMA, around $20.35, is where sellers had been leaning to, but news propelling higher US bond yields would likely keep buyers at bay.
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