- The price of silver earns approximately $ 32.70 in the Asian session on Monday, an increase of 0.45 % a day.
- The positive scene of silver prevails over the 100 -day main EMA with the bullish RSI index.
- The first bullish barrier appears in a region of 33.35-33.40 dollars; The initial support level is at $ 31.52.
The price of silver (Xag/USD) rises to about $ 32.70 during Asian trading hours on Monday. The weakening of the US dollar (USD) provides some support for the price of commodity commodities in US dollar. Moreover, uncertainty and concerns about US President Donald Trump’s tariff plans may enhance safe flows that contribute to the upward trend of silver.
According to The Daily Chart, the bullish view of white minerals remains in place, with a higher price of the SIA moving average for 100 days (EMA). The bullish momentum is strengthened by the 14 -day relative index (RSI), which stands above the midfield near 64.40, indicating that the lower resistance path is to the upward trend.
The upper boundaries of the Bollengerer and the rise on February 14 from 33.35 dollars to $ 33.40 as a header of the silver price. Continuous trading can be exposed above this level $ 34.55, which is above October 29, 2024. That is, purchase of a higher level than the aforementioned level can see a crowd to $ 34.87, the highest level on October 22, 2024.
On the other hand, the initial support for Xag/USD appears at $ 31.52, which is the lowest level on February 12. The extended losses can witness a decrease to $ 30.90, EMA for 100 days. The next dispute level appears at $ 30.70, which is the minimum Bollinger.
Silver Price (xag/USD) Daily graph
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 one ounce of gold, may help 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.