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- Silver is broken less than 100 and 200 days of SMAS, indicating a strong declining momentum amid the battle of the United States and China tariffs.
- RSI will enter the sales lands, but the pressure may continue to sell $ 28.74 and $ 27.71 if $ 29 fails to keep it.
- Recovering over $ 30 can see buyers to re -test $ 30.86 SMA and the key resistance near $ 31.00.
Price silver fell on Friday with the continued disturbance of the financial market for the third day in a row, after US President Donald Trump’s decision to impose a mutual tariff. Consequently, China has retaliated, which raised fears of global economic slowdown. Xag/USD is trading at $ 29.55, and more than 7 % drown.
Xag/USD price expectations: Technical expectations
On his way down, silver Less than the simple moving averages of 100 and 200 days (SMAS) fell on Friday, indicating a strong sale, once the gray metal wiped $ 31.39 and $ 30.86, respectively. Although the RSI indicator has turned forward and increased, due to the aggression of this step, Xag/USD can continue to decrease.
If Xag/USD decreases to less than $ 29.00, this may offer the lowest level on December 19 of $ 28.74. Once it is over, the next support will be September 3 of $ 27.71. On the contrary, if Xag/USD rises beyond $ 30.00, buyers may be prepared to challenge SMA for 200 days at $ 30.86, followed by a sign of $ 31.
Xag/USD PRICE CHART – daily
Common silver questions
Silver is very precious metals circulating among investors. It has been used historically as a value of value and amid exchange. Although it is less popular than gold, merchants may turn to silver to diversify their investment portfolio, compared to its fundamental value or as a possible hedge during high inflation periods. Investors can buy physical silver, in coins or in bars, or circulate through vehicles such as the boxes circulating in Excination, which follow their price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can make the price of silver escalating due to its safe position, although it is less than gold. As an inappropriate origin, silver tends to rise with low interest rates. Its movements also depend on how the US dollar (USD) is spent as the origin is priced in dollars (XAG/USD). The strong dollar tends to maintain the price of silver in the Gulf, while the dollar is likely to pay the weakest prices. Other factors such as demand for investment and mining offer – silver is much more abundant than gold – recycling rates can also affect prices.
Silver is widely used in the industry, especially in sectors such as electronics or solar energy, as it contains one of the highest electrical conductivity for all minerals – more than copper and gold. High demand in demand can increase prices, while the decline tends to reduce them. The dynamics in the United States and Chinese and Indian economies can contribute to price fluctuations: for the United States, especially China, its large industrial sectors use silver in various operations; In India, consumer demand for the precious jewelry also plays a major role in setting prices.
Silver prices tend to follow gold movements. When gold prices rise, silver usually follows its example, as its position as the similar safe origins. The percentage of gold/silver, which shows the number of ounces of silver needed to equal the value of one ounce of gold, to determine the relative evaluation between both minerals. Some investors may consider a high percentage as an indication that silver is dense with less than its value, or that gold is exaggerated. On the contrary, the low percentage may indicate that gold is less valuable for silver.
