Silver Retreats As Gold/Silver Ratio Tests The 84 Level

Key Insights

  • Silver is losing ground despite the recent pullback of the U.S. Dollar Index. 
  • Meanwhile, gold is testing the resistance at $1880.
  • A move below the support at $22.30 will push silver towards the next support level at $22.10.

Silver ETF Is Under Pressure Ahead Of The Weekend

Silver  is currently trying to settle below the support at $22.30, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below $20.70.

The U.S. Dollar Index faced resistance near the 104 level and declined below the support at 103.60. The next support level for the U.S. Dollar Index is located at 103.25. If the U.S. Dollar Index settles below this level, it will head towards the support at 103, which will be bullish for silver and gold price today.

Gold is trying to settle above the $1880 level, while SPDR Gold Shares ETF is trading above the $175 level. If gold moves above the resistance at $1880, it will head towards the next resistance at $1890, which will be bullish for silver.

Gold/silver ratio continues its attempts to settle above the 84 level. RSI for the gold/silver ratio is in the overbought territory, but there is enough room to gain additional upside momentum in case the right catalysts emerge. If gold/silver ratio settles above 84, it will move towards the 85 level, which will be bearish for silver.

Technical Analysis

silver may 6 2022

Silver is testing the support level at $22.30. In case this test is successful, silver will get to another test of the next support, which is located at $22.10.

A move below the support level at $22.10 will open the way to the test of the support at $21.90. If silver manages to settle below this level, it will head towards the next support at $21.70.

On the upside, the nearest resistance level for silver is located at $22.50. If silver settles back above this level, it will head towards the next resistance at $22.70. A successful test of the resistance at $22.70 will push silver towards the resistance at $22.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Gains Ground Despite Strong Dollar

Key Insights

  • Silver gained upside momentum as gold moved back to the $1900 level. 
  • The rising gold/silver ratio remains an important bearish catalyst for silver. 
  • A move above $23.10 will push silver towards the resistance at $23.25.

Silver ETF Continues To Rebound

Silver is currently trying to settle above the resistance at $23.10, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust continues to trade above the $21 level.

Yesterday’s pullback was short-lived, and the U.S. Dollar Index returned to the resistance at 103.25. If the U.S. Dollar Index settles above this level, it will head towards the next resistance at 103.60, which will be bearish for silver and gold price today.

Gold  is testing the resistance level at $1900, while SPDR Gold Shares ETF moved towards the $177 level. If gold settles above $1900, it will head towards the next resistance at the 50 EMA at $1915, which will be bullish for silver.

Gold/silver ratio found support near the 82 level and rebounded towards 82.50. A move above this level will open the way to the test of the 83 level, which will be bearish for silver.

Technical Analysis

silver may 5 2022

Silver is testing the resistance level at $23.10. If silver settles above this level, it will get to another test of the resistance at $23.25.

A move above the resistance at $23.25 will push silver towards the resistance at $23.50. In case silver climbs above $23.50, it will head towards the resistance at $23.70.

On the support side, the nearest support level for silver is located at $22.90. In case silver manages to settle below this support level, it will head towards the next support at $22.70.

RSI has recently moved out of the oversold territory, so there is enough room to gain additional downside momentum in case the right catalysts emerge. If silver settles below $22.70, it will head towards the support level at $22.50.

For a look at all of today’s economic events, check out our economic calendar.

Silver Declines As Gold/Silver Ratio Moves To New Highs

Key Insights

  • Silver remains under pressure ahead of the Fed Interest Rate Decision. 
  • Gold/silver ratio is trying to get to the test of the 84 level, which is bearish for silver. 
  • A successful test of the support at $22.50 will push silver towards the next support level at $22.10.

Silver ETF Is Losing Ground At The Start Of The Trading Session

Silver continues its attempts to settle below the support at $22.50, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to settle below $20.50.

The U.S. Dollar Index is testing the support level at 103.25. In case the U.S. Dollar Index manages to settle below this level, it will head towards the support at 103, which may provide some support to silver and gold price today.

Gold is trading near the $1870 level as traders wait for the Fed Interest Rate Decision, while SPDR Gold Shares ETF is moving towards $174.50. The nearest resistance level for gold is located at $1880. In case gold gets to the test of this level, silver will get more support.

Gold/silver ratio has recently made another attempt to settle above the resistance at 83.50 but failed to develop sufficient upside momentum and pulled back. In case gold/silver ratio settles above this level, it will head towards the 84 level, which will be bearish for silver.

Technical Analysis

silver may 4 2022

Silver is testing the support level at $22.50. In case silver manages to settle below this level, it will head towards the next support, which is located at $22.10.

A move below the support at $22.10 will push silver towards the support level at $21.90. If silver declines below this level, it will head towards the support at $21.70.

On the upside, a move above $22.50 will push silver towards the resistance at $22.70. If silver settles above $22.70, it will head towards the next resistance level at $22.90. A successful test of this level will push silver towards the resistance at $23.10.

For a look at all of today’s economic events, check out our economic calendar.

Silver Is Stuck In The $22.50 – $22.70 Range

Key Insights

  • Silver failed to gain upside momentum despite weaker dollar. 
  • Meanwhile, gold returned to the $1865 level, which was bullish for silver. 
  • A move above the resistance at $22.70 will push silver towards the next resistance at $22.90.

Silver ETF Tries To Rebound At The Start Of The Trading Session

Silver  is currently stuck in the range between the support at $22.50 and the resistance at $22.70, while the U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust  is moving towards the $21.00 level.

The U.S. Dollar Index has recently managed to get below the support level at 103.25 and is moving towards the next support at the 103 level. In case the U.S. Dollar Index settles below 103, it will head towards the support level at 102.75, which may provide some support to silver and gold price today.

Gold failed to settle below the support at $1850 and moved towards the nearest resistance level at $1865, while SPDR Gold Shares ETF tested the $174 level. If gold manages to settle back above $1865, it will gain additional upside momentum and head towards the resistance at $1880, which will be bullish for silver.

Gold/silver ratio received support near the 82 level and is trying to settle back above 82.50. In case this attempt is successful, gold/silver ratio will head towards the 83 level, which will be bearish for silver.

Technical Analysis

silver may 3 2022

Silver has managed to stabilize after the recent sell-off. The nearest resistance level for silver is located at $22.70. In case silver gets above this level, it will head towards the next resistance, which is located at $22.90.

A move above the resistance at $22.90 will push silver towards the resistance at $23.10. If silver settles above this level, it will head towards the next resistance level at $23.40.

On the support side, the nearest support level for silver is located at $22.50. In case silver manages to settle below this level, it will head towards the next support near the recent lows at $22.10. A successful test of the support at $22.10 will push silver towards the support at $21.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Retreats As Sell-Off Continues

Key Insights

  • Silver is losing ground as gold tests support at $1865.
  • Strong dollar and rising Treasury yields are the key bearish catalysts for silver markets. 
  • A move below the support at $22.30 will push silver towards the support level at $22.10.

Silver ETF Is Under Strong Pressure At The Start Of The Week

Silver  is currently trying to settle below the support level at $22.30, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the $20.50 level.

The U.S. Dollar Index is trying to settle above the resistance level at 103.60. In case the U.S. Dollar Index moves above this level, it will gain additional upside momentum and head towards the next resistance at 103.80, which will be bearish for silver and gold price today.

Gold  settled below the support at $1880 and is testing the next support level at $1865, while SPDR Gold Shares ETF is trying to settle below $173.50. If gold manages to settle below the support at $1865, it will head towards the next support level at $1850, which will be bearish for silver.

Gold/silver ratio continues its attempts to settle above the 83 level. If gold/silver ratio settles above this level, it will head towards the resistance at the 84 level, which will be bearish for silver.

Technical Analysis

silver may 2 2022

Silver is testing the support level at $22.30. In case this test is successful, silver will head towards the next support, which is located at $22.10.

A move below the support at $22.10 will open the way to the test of the next support at $21.90. If silver declines below this level, it will move towards the support at $21.70.

On the upside, a move above $22.30 will push silver back towards the resistance level at $22.50. If silver manages to settle above this level, it will head towards the next resistance level at $22.70. A successful test of the resistance at $22.70 will open the way to the test of the resistance at $22.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Declines As Gold/Silver Ratio Tests New Highs

Key Insights

  • Gold/silver ratio settled above the 82 level, which was bearish for silver. 
  • Weaker dollar failed to provide enough support to silver. 
  • A successful test of the support at $23.10 will open the way to the test of the next support level at $22.90.

Silver ETF Is Losing Ground Ahead Of The Weekend

Silver continues its attempts to settle below the support at $23.10, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below $21.30.

The U.S. Dollar Index has recently made an attempt to settle below the 103 level but lost momentum and rebounded towards the resistance at 103.25. In case the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 103.60, which will be bearish for silver and gold price today.

Gold  tested the resistance at $1915 but failed to develop sufficient upside momentum and pulled back, while SPDR Gold Shares ETF moved towards the $178 level. In case gold stays below $1915, it may gain downside momentum and move towards the support level at $1900, which will be bearish for silver.

Gold/silver ratio settled above the 82 level and is trying to settle above 82.50. In case this attempt is successful, gold/silver ratio will head towards the 83 level, which will be bearish for silver.

Technical Analysis

silver april 29 2022

Silver continues to test the support level at $23.10. If silver manages to settle below this level, it will head towards the next support at $22.90.

A successful test of the support at $22.90 will open the way to the test of the support at $22.70. In case silver moves below this level, it will head towards the next support level, which is located at $22.50.

On the upside, the nearest resistance level for silver is located at $23.25. In case silver settles above this level, it will head towards the next resistance level at $23.50. A move above the resistance at $23.50 will push silver towards the next resistance at $23.70.

For a look at all of today’s economic events, check out our economic calendar.

Silver Tests Support At $23.10

Key Insights

  • Gold is gaining some ground, but this move does not provide any support to silver as gold/silver ratio tests yearly highs. 
  • Demand for the U.S. dollar remains strong, which is bearish for silver. 
  • A move below $23.10 will push silver towards the support level at $22.90.

Silver ETF Is Under Pressure As Gold/Silver Ratio Moves To New Highs

Silver  is currently trying to settle below the support level at $23.10, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near $21.30.

The U.S. Dollar Index is currently trying to settle above the resistance at 103.80. In case this attempt is successful, the U.S. Dollar Index will move towards the 104 level, which will be bearish for silver and gold price today.

Gold  is trying to settle back above the resistance level at $1890, while SPDR Gold Shares ETF is testing the $176.50 level. In case gold settles above the $1890 level, it will head towards the resistance at $1900, which will be bullish for silver.

Gold/silver ratio settled above recent highs at 81.20 and is trying to settle above the 82 level. A move above this level will open the way to the test of the resistance at 82.50, which will be bearish for silver.

Technical Analysis

silver april 28 2022

Silver is testing the support at $23.10. In case this test is successful, silver will move towards the next support level, which is located at $22.90.

A move below the support at $22.90 will push silver towards the next support level at $22.70. If silver declines below this level, it will head towards the next support at $22.50.

On the upside, the previous support at $23.25 will serve as the first resistance level for silver. If silver manages to settle back above this level, it will head towards the next resistance at $23.50. A successful test of the resistance at $23.50 will open the way to the test of the next resistance at $23.70.

For a look at all of today’s economic events, check out our economic calendar.

Silver Tries To Rebound Despite Strong Dollar

Key Insights

  • Silver is moving higher, while gold is under pressure. 
  • Gold/silver ratio moved towards the 80 level, which was bullish for silver. 
  • A move above $23.70 will push silver towards the resistance at $24.00.

Silver ETF Gains Ground At The Start Of The Trading Session

Silver continues its attempts to settle above the resistance at $23.70, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near $21.80.

The U.S. Dollar Index settled above the resistance at 102.75 and is testing the next resistance level at 103. In case the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 103.25, which may put some pressure on silver and gold price today.

Gold  failed to settle above the $1900 level and moved lower, while SPDR Gold Shares ETF declined towards $176.50. The nearest support level for gold is located at $1890. In case gold declines below this level, it will head towards the next support at $1880, which will be bearish for silver.

Gold/silver ratio faced strong resistance near the 81 level and declined towards the support at 80. In case gold/silver ratio settles below this level, it will head towards the next support level at 79.60, which will be bullish for silver.

Technical Analysis

silver april 27 2022

Silver is currently trying to settle above the resistance level at $23.70. A move above this level will push silver towards the next resistance at $24.00.

In case silver climbs above the resistance at $24.00, it will head towards the resistance level at $24.25. A successful test of this level will open the way to the test of the resistance at $24.50.

On the support side, silver needs to settle below the nearest support at $23.50 to continue its pullback. The next support level for silver is located at the recent lows at $23.25.

A move below the support at $23.25 will push silver towards the support at $23.10. If silver manages to settle below this level, it will head towards the next support level at $22.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Rebounds After Strong Sell-Off

Key Insights

  • Silver has found some support near the $23.50 level. 
  • Meanwhile, gold managed to get back above the $1900 level, which was bullish for silver. 
  • A successful test of the resistance at $23.70 will push silver towards the next resistance level at $24.00.

Silver ETF Tries To Gain More Ground

Silver  is currently trying to settle back above the resistance at $23.70, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust continues to trade below the $22.00 level.

The U.S. Dollar Index managed to get above the resitance at 101.90 and is trying to settle above the 102 level. In case this attempt is successful, the U.S. Dollar Index will move towards the next resistance level at 102.20, which will be bearish for silver and gold price today.

Gold  managed to get back above the $1900 level and is moving towards the resistance at $1915, while SPDR Gold Shares ETF moved back above the $178 level. In case gold gets above the resistance at $1915, it will head towards the next resistance at $1925, which will be bullish for silver.

Gold/silver ratio continues its attempts to settle above 80.50. In case gold/silver ratio manages to settle above this level, it will head towards the recent highs near 81.20, which will be bearish for silver.

Technical Analysis

silver april 26 2022

Silver is testing the resistance level at $23.70. In case silver manages to settle above this level, it will head towards the next resistance at $24.00.

A move above the resistance at $24.00 will push silver towards the resistance at $24.25. If silver climbs above this level, it will head towards the next resistance at $24.50.

On the support side, the nearest support level for silver is located at $23.50. If silver declines below the support at $23.50, it will head towards the next support level at $23.35.

A successful test of the support at $23.35 will push silver towards the next support level at $23.10. In case silver declines below this level, it will head towards the support at $22.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Retreats As Gold Tests The $1900 Level

Key Insights

  • Gold is trying to settle below the psychologically important support level at $1900, which is bearish for silver. 
  • Gold/silver ratio made an attempt to settle above the 81 level. 
  • A successful test of the support at $23.50 will push silver towards the next support level at $23.35.

Silver ETF Is Losing Ground At The Start Of The Week

Silver is currently trying to settle below the the support at $23.50, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to settle below $21.75.

The U.S. Dollar Index is trying to get above the resistance level at 101.75. In case this attempt is successful, the U.S. Dollar Index will move towards the next resistance level at 101.90, which will be bearish for silver and gold price today.

Gold settled below the support level at $1915 and is testing the next support at $1900, while SPDR Gold Shares ETF declined towards the $177 level. In case gold manages to settle below $1900, it will get to the test of the next support level at $1890, which will be bearish for silver.

Gold/silver ratio has recently made an atempt to settle above the 81 level but lost momentum and declined towards 80.50. If gold/silver ratio settles above 81, it will head towards the resistance at 81.35, which will be bearish for silver.

Technical Analysis

silver april 25 2022

Silver is testing the support level at $23.50. In case this test is successful, silver will move towards the next support, which is located at $23.35.

A move below the support at $23.35 will open the way to the test of the support at $23.10. In case silver manages to settle below this level, it will head towards the next support level at $22.90.

On the upside, the previous support level at $23.70 will serve as the first resistance level for silver. If silver manages to settle above this level, it will head towards the resistance at $24.00. A successful test of the resistance at $24.00 will push silver towards the next resistance at $24.25.

For a look at all of today’s economic events, check out our economic calendar.

Silver Is Under Pressure As Dollar Tests Yearly Highs

Key Insights

  • Silver is losing ground as the U.S. Dollar Index is testing the 101 level. 
  • Gold/silver ratio is trying to settle above the 80 level, which is bearish for silver. 
  • A successful test of the support at $24.25 will open the way to the test of the next support level at $24.00.

Silver ETF Retreats Ahead Of The Weekend

Silver is currently trying to settle below the support at $24.25, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to settle below $22.50.

The U.S. Dollar Index is testing the resistance near the 101 level. A move above this level will push the U.S. Dollar Index towards the resistance at 101.35, which will be bearish for silver and gold price today.

Gold  failed to settle above $1950 and is testing the support level at $1935, while  SPDR Gold Shares ETF  is trading below $181.50. In case gold declines below the $1935 level, it will move towards the support at the 50 EMA at $1925, which will be bearish for silver.

Gold/silver ratio is testing the 80 level. In case gold/silver ratio manages to settle above this level, it will gain additional upside momentum and move closer to the 81 level, which will be bearish for silver.

Technical Analysis

silver april 22 2022

Silver is testing the support level at $24.25. If this test is successful, silver will head towards the support level, which is located near the recent lows at $24.00.

A successful test of the support at $24.00 will open the way to the test of the next support at $23.70. In case silver declines below this level, it will head towards the support level at $23.50.

On the upside, the nearest resistance level for silver is located at $24.50. In case silver settles back above this level, it will head towards the 50 EMA at $24.75. A move above the 50 EMA will open the way to the test of the next resistance at the 20 EMA at $25.00.

For a look at all of today’s economic events, check out our economic calendar.

Silver Remains Under Pressure As Gold Settles Below $1950

Key Insights

  • Gold moved back below the $1950 level, which was bearish for silver. 
  • Meanwhile, gold/silver ratio settled above 78.50.
  • A successful test of the support at $24.75 will push silver towards the next support at $24.50.

Silver ETF Continues To Move Lower

Silver  is currently trying to settle below the support at the 50 EMA at $24.75, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below its 50 EMA at $22.85.

The U.S. Dollar Index failed to settle below the support at the 100 level and moved closer to the nearest resistance at 100.30. In case the U.S. Dollar Index manages to settle back above this level, it will head towards the next resistance at 100.50, which will be bearish for silver and gold price today.

Gold is currently stuck between the support at $1935 and the resistance at $1950, while SPDR Gold Shares ETF is trying to settle below the $181.50 level. In case gold moves below the support at $1935, it will get to the test of the 50 EMA at $1925, which will be bearish for silver.

Gold/silver ratio continues to move higher and is trying to get to the test of the 79 level. In case gold/silver ratio moves above this level, it will head towards April highs at 79.60, which will be bearish for silver.

Technical Analysis

silver april 21 2022

Silver is testing the support at the 50 EMA at $24.75. If this test is successful, silver will head towards the next support level, which is located at $24.50.

A move below the support at $24.50 will open the way to the test of the support at $24.25. In case silver declines below this level, it will head towards the support at March lows at $24.00.

On the upside, the previous support at $24.90 will serve as the first resistance level for silver. A move above this level will push silver towards the resistance, which is located near the 20 EMA at $25.10. A successful test of the resistance at the 20 EMA will open the way to the test of the next resistance at $25.30.

For a look at all of today’s economic events, check out our economic calendar.

Silver Declines As Pullback Continues

Key Insights

  • Silver continues to move lower, while gold has managed to settle below the support at $1950.
  • Meanwhile, gold/silver ratio is trying to settle above the 50 EMA, which is bearish for silver. 
  • A successful test of the support at $25.10 will push silver back towards the support level at $24.90.

Silver ETF Remains Under Pressure

Silver  is currently trying to settle below the support level at $25.10, while the U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust declined below $23.20.

The U.S. Dollar Index has rcently managed to get below the support level at 100.50 and tested the next support at 100.30. In case the U.S. Dollar Index declines below 100.30, it will gain additional downside momentum and head towards the 100 level, which may provide some support to silver and gold price today.

Gold managed to settle below the support at $1950 and made an attempt to get to the test of the $1935 level, while SPDR Gold Shares ETF moved closer to the $181.50 level. In case gold settles below $1935, it will head towards the 50 EMA at $1925, which will be bearish for silver.

Gold/silver ratio continues to move higher and is currently trying to settle above the 50 EMA at 77.70. In case this attempt is successful, gold/silver ratio will gain additional upside momentum, which will be bearish for silver.

Technical Analysis

silver april 20 2022

Silver is testing the support level at the 20 EMA at $25.10. In case silver manages to settle below this level, it will get to another test of the next support level, which is located at $24.90.

A move below the support at $24.90 will push silver towards the next support at the 50 EMA at $24.75. if silver declines below the 50 EMA, it will head towards the support at $24.50.

On the upside, a move above the 20 EMA will open the way to the test of the resistance at $25.30. If silver moves back above this level, it will head towards the next resistance level at $25.60. A successful test of the resistance at $25.60 will push silver towards the resistance at $25.80.

For a look at all of today’s economic events, check out our economic calendar.

Silver Retreats As Gold Pulls Back Towards The $1965 Level

Key Insights

  • Gold managed to settle below the support at $1975 and tested the next support at $1965, which was bearish for silver. 
  • Gold/silver ratio moved back above the 77 level. 
  • A move below the support at $25.60 will push silver towards the next support level at $25.30.

Silver ETF Is Under Strong Pressure At The Start Of The Trading Session

Silver  is currently trying to settle back below the support at $25.60, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is testing the $23.50 level.

The U.S. Dollar Index is trying to settle above the 101 level. In case this attempt is successful, the U.S. Dollar Index will head towards the resistance at 101.10, which will be bearish for silver and gold price today.

Gold  managed to settle below the support at $1975 and is testing the next support level at $1965, while SPDR Gold Shares ETF declined towards the $183 level. In case gold manages to settle below $1965, it will head back towards the support at $1950, which will be bearish for silver.

Gold/silver ratio failed to settle below the support at 76 and rebounded towards the resistance level at 77. In case gold/silver ratio settles above this level, it will head towards the 20 EMA at 77.50, which will be bearish for silver.

Technical Analysis

silver april 19 2022

Silver is testing the support level at $25.60. RSI is in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

In case silver manages to settle below $25.60, it will head towards the support level at $25.30. A move below this level will open the way to the test of the support at $25.10. If silver settles below $25.10, it will move towards the next support level, which is located at $24.90.

On the upside, a move above $25.60 will push silver towards the resistance level at $25.80. If silver climbs back above this level, it will head towards the next resistance at $26.00. A successful test of this level will open the way to the test of the resistance at $26.15.

For a look at all of today’s economic events, check out our economic calendar.

Silver Rallies As Gold Moves Towards $2000

Key Insights

  • Gold tries to settle above the $2000 level, providing support to silver. 
  • Meanwhile, gold/silver ratio declines towards 76.50, which is bullish for silver. 
  • A move above $26.15 will push silver towards the resistance at $26.50.

Silver Enjoys Strong Support At The Start Of The Week

Silver  is currently trying to settle above the resistance at $26.15, while the U.S. dollar is mostly flat against a broad basket of currencies. Meanwhile, iShares Silver Trust has managed to get above the $24.00 level.

The U.S. Dollar Index has recently made an attempt to get above the resistance at 100.85 but lost momentum and pulled back towards the support level at 100.50. In case the U.S. Dollar Index declines below this level, it will move towards the next support at 100.30, which will be bullish for silver and gold price today.

Gold settled above the resistance at $1975 and made an attempt to settle above the next resistance level at $2000, while SPDR Gold Shares ETF  moved towards the $186 level. In case gold settles above $2000, it will head towards the resistance at $2020, which will be bullish for silver.

Gold/silver ratio settled below the 77 level and is currently trying to settle below 76.50. In case gold/silver ratio settles below this level, it will move towards the support near the 76 level, which will be bullish for silver.

Technical Analysis

silver april 18 2022

Silver is testing the resistance level at $26.15. In case silver manages to settle above this level, it will move towards the next resistance at $26.50.

A move above the resistance at $26.50 will push silver towards the resistance at $26.75. If silver gets above $26.75, it will move towards the next resistance level, which is located at $27.00.

On the support side, the previous resistance at $26.00 will serve as the first support level for silver. If silver declines below this level, it will move towards the next support at $25.80.

A successful test of the support at $25.80 will open the way to the test of the support at $25.60. In case silver settles below this level, it will head towards the support at $25.30.

For a look at all of today’s economic events, check out our economic calendar.

Silver Retreats As Dollar Rallies To New Highs

Key Insights

  • U.S. dollar gained strong upside momentum, which was bearish for silver. 
  • Gold moved towards the support level at $1965. 
  • A move below $25.30 will push silver towards the support at $25.10.

Silver ETF Is Under Strong Pressure At The Start Of The Trading Session

Silver is currently trying to settle below the support at $25.30, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the $23.50 level.

The U.S. Dollar Index gained strong upside momentum after dovish comments from ECB, which left its interest rate unchanged at 0% and kept the deposit facility rate at -0.5%. Currently, the U.S. Dollar Index is trying to settle above 100.50. In case this attempt is successful, the U.S. Dollar Index will move towards the next resistance at 100.85, which will be bearish for silver and gold price today.

Gold  faced strong resistance near $1975 and pulled back towards the support level at $1965, while SPDR Gold Shares ETF declined towards the $183 level. In case gold settles below $1965, it will head towards the support at $1950, which will be bearish for silver.

Gold/silver ratio has recently moved back above the 77 level and is trying to settle above 77.50. A move above this level will open the way to the test of the resistance at 78, which will be bearish for silver.

Technical Analysis

silver april 14 2022

Silver is testing the support level at $25.30. In case this test is successful, silver will move towards the next support, which is located at $25.10.

A move below the support at $25.10 will lead to the test of the next support at the 20 EMA at $25.00. If silver declines below the 20 EMA, it will head towards the 50 EMA near $24.70.

On the upside, the nearest resistance level for silver is located at $25.60. In case silver manages to settle back above this level, it will head towards the next resistance at $25.80. A successful test of the resistance at $25.80 will push silver towards the resistance at the $26 level.

For a look at all of today’s economic events, check out our economic calendar.

Silver Gains Ground As Gold Moves Above The $1975 Level

Key Insights

  • Silver continues to gain ground, while gold is trying to get closer to the $2000 level. 
  • Gold/silver ratio declined to the 77 level. 
  • A move above the resistance at $25.60 will push silver towards the next resistance at $25.80.

Silver ETF Moves Higher As Demand For Safe-Haven Assets Stays Strong

Silver is currently trying to settle above the resistance at $25.60, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle above $23.70.

The U.S. Dollar Index is testing the resistance at 100.50. In case the U.S. Dollar Index manages to settle above this level, it will move towards the next resistance level at 100.85, which may put some pressure on silver and gold price today.

Gold has recently managed to get above the resistance at $1975 and is trying to develop additional upside momentum, while SPDR Gold Shares ETF moved above $184.50. If gold settles above the $1975 level, it will head towards the $2000 level, which will be bullish for silver.

Gold/silver ratio settled below 77.50 and is testing the support level at 77. In case this test is successful, gold/silver ratio will head towards the next support at 76.50, which will be bullish for silver.

Technical Analysis

silver april 13 2022

Silver is testing the resistance at $25.60. In case this test is successful, silver will move towards the next resistance level, which is located at $25.80.

A move above the resistance at $25.80 will push silver towards the next resistance level at $26.00. If silver manages to settle above this level, it will head towards the resistance at $26.15.

On the support side, a move below $25.60 will push silver towards the support level at $25.30. In case silver declines below this level, it will head towards the next support at $25.10. A successful test of the support at $25.10 will open the way to the test of the next support, which is located at the 20 EMA at $24.90.

For a look at all of today’s economic events, check out our economic calendar.

Silver Tests Resistance At $25.30 As Treasury Yields Pull Back From Highs

Key Insights

  • U.S. inflation reports were mostly in line with analyst expectations, pushing Treasury yields lower.
  • Lower yields and weaker dollar provided support to silver. 
  • A successful test of the resistance at $25.30 will open the way to the test of the next resistance level at $25.60.

Silver ETF Gains Ground At The Start Of The Trading Session

Silver continues its attempts to settle above the resistance level at $25.30, while the U.S. dollar is losing some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near the $23.30 level.

The U.S. Dollar Index moved back below the 100 level after U.S. inflation reports indicated that Inflation Rate increased by 8.5% year-over-year in March, compared to analyst consensus of 8.4%. Core Inflation Rate grew by 6.5%, compared to analyst consensus of 6.6%.

The reports were mostly in line with analyst expectations, while markets expected that inflation data would be even more scary. As a result, the U.S. dollar moved lower, while Treasury yields declined, which was bullish for silver and gold price today.

Gold  has recently managed to settle above the resistance at $1965 and is testing the next resistance level at $1975, while SPDR Gold Shares ETF moved towards $183.50. In case gold settles above $1975, it will gain additional upside momentum and head towards the psychologically important $2000 level, which will be bullish for silver.

Gold/silver ratio remains stuck near the 50 EMA at 77.90. In case gold/silver ratio manages to settle back above this level, it will head towards the resistance at 78.50, which will be bearish for silver.

Technical Analysis

silver april 12 2022

Silver is trying to settle above the resistance at $25.30. In case this attempt is successful, silver will move towards the next resistance at $25.60.

A move above the resistance at $25.60 will push silver towards the next resistance at $25.80. If silver manages to settle above this level, it will head towards the next resistance level, which is located at $26.00.

On the support side, the nearest support level for silver is located at $25.10. If silver settles below this level, it will move towards the 20 EMA at $24.90. A successful test of the support at $24.90 will open the way to the test of the next support level at $24.70.

For a look at all of today’s economic events, check out our economic calendar.

Silver Rallies As Gold Moves Above The $1950 Level

Key Insights

  • Gold managed to settle above the resistance at $1950, providing significant support to silver.
  • Meanwhile, gold/silver ratio declined below the 78 level.
  • A move above $25.30 will push silver towards the resistance at $25.60.

Silver ETF Starts The Week On A Strong Note

Silver  is currently trying to settle above the resistance at $25.30, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust   is trying to get to the test of the $23.50 level.

The U.S. Dollar Index is testing the resistance at the 100 level. If the U.S. Dollar Index manages to settle above this level, it will move towards the next resistance at 100.30, which may be bearish for silver and gold price today. However, it should be noted that rising geopolitical tensions have served as the key driver for precious metals today, so silver bulls may ignore the developments on the foreign exchange market.

Gold managed to get above the resistance at $1950 and tested the next resistance at $1965, while SPDR Gold Shares ETF  tested the $183 level. In case gold settles above $1965, it will head towards the resistance at $1975, which will be bullish for silver.

Gold/silver ratio declined below the 78 level and tested the support at 77.50. If gold/silver ratio manages to settle below 77.50, it will head towards the 77 level, which will be bullish for silver.

Technical Analysis

silver april 11 2022

Silver is testing the resistance level at $25.30. If this test is successful, silver will move towards the next resistance, which is located at $25.60.

A successful test of the resistance at $25.60 will push silver towards the resistance at $25.80. In case silver gets above this level, it will head towards the resistance at $26.00.

On the support side, the previous resistance at $25.10 will serve as the first support level for silver. In case silver declines below this level, it will head towards the next support at the 20 EMA at $24.85. A move below the 20 EMA will push silver towards the support at $24.70.

For a look at all of today’s economic events, check out our economic calendar.

Silver Is Losing Some Ground As Dollar Rally Continues

Key Insights

  • Silver is moving lower after an unsuccessful test of the resistance at $24.70, while gold is trying to settle above the resistance at the $1935 level. 
  • Strong dollar and higher Treasury yields put some pressure on silver. 
  • A move below the support at $24.50 will push silver towards the recent lows near $24.25.

Silver ETF Is Under Some Pressure Ahead Of The Weekend

Silver is currently trying to settle below the support at $24.50, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near the $22.60 level.

The U.S. Dollar Index has recently managed to get above the 100 level and is moving towards the resistance at 100.30. A move above 100.30 will push the U.S. Dollar Index towards the next resistance at 100.50, which will be bearish for silver and gold price today.

Gold continues to test the resistance at $1935, while SPDR Gold Shares ETF  is moving towards the $181 level. If gold settles above $1935, it may gain strong upside momentum, which will be bullish for silver.

Gold/silver ratio has recently managed to get above the 79 level and is moving towards the recent highs at 79.60. In case gold/silver ratio gets to the test of this level, silver will find itself under more pressure.

Technical Analysis

silver april 8 2022

Silver is testing the support level at the 50 EMA at $24.50. In case this test is successful, silver will move towards the next support level, which is located near the recent lows at $24.25.

A successful test of the support at $24.25 will open the way to the test of the next support at $23.90. In case silver declines below this level, it will head towards the support at $23.70.

On the upside, the nearest resistance level for silver is located at $24.70. If silver climbs above this level, it will head towards the resistance at the 20 EMA at $24.80. A move above $24.80 will push silver towards the next resistance level, which is located at $25.10.

For a look at all of today’s economic events, check out our economic calendar.