Silver is rising by more than 2% on Thursday, trading at the highest in almost a month. Outlook points to further gains for a test of $26.00 and the 55-day SMA. Silver and gold are rising sharply on Thursday, boosted by a decline in US yield and higher equity prices. The risk-on mood across financial markets, accompanied by lower yields, triggered a sharp rally in metal, only limited by a mixed performance on the US dollar. The DXY trades flat around 91.60/70. The break above $25.60 (previous monthly high) gave XAG/USD another boost to the upside. The price peaked at $25.98, and it remains near the top with the positive tone intact. The next area to break is the $26.00 zone. A consolidation above $26.00 would clear the way to further gains targeting the 55-day simple moving average (SMA) at $26.20. The mentioned average has been relevant over the last months. A daily close above well above would improve the outlook for the bulls. A failure around that area would suggest difficulties ahead for silver. The area at $25.60 is now the immediate support. A decline below $25.20 would increase the bearish pressure. XAG/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/TRY: Lira likely to fall sharply despite the decision of the CBRT – CE FX Street 2 years Silver is rising by more than 2% on Thursday, trading at the highest in almost a month. Outlook points to further gains for a test of $26.00 and the 55-day SMA. Silver and gold are rising sharply on Thursday, boosted by a decline in US yield and higher equity prices. The risk-on mood across financial markets, accompanied by lower yields, triggered a sharp rally in metal, only limited by a mixed performance on the US dollar. The DXY trades flat around 91.60/70. The break above $25.60 (previous monthly high) gave XAG/USD another boost to the upside. The price peaked at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
