Silver Tests Support At $24.25

Key Insights

  • Silver found itself under pressure after yesterday’s attempt to gain upside momentum.
  • Gold/silver ratio is moving back towards the 80 level. 
  • A successful test of the support at $24.25 will push silver towards the next support at $23.90.

Silver ETF Is Losing Ground While Gold Stays Range-Bound

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

The U.S. Dollar Index is stuck near the support level at 99.45. If the U.S. Dollar Index declines below this level, it will move towards the next support at 99.20, which may provide some support to silver and gold price today.

Gold continues to trade in the range between the support at $1915 and the resistance at $1935, while SPDR Gold Shares ETF  is trading near the $180 level. If gold manages to settle above $1935, it could quickly test the next resistance at $1950, which will be bullish for silver.

Gold/silver ratio managed to settle back above the 79 level and is trying to gain additional upside momentum. In case this attempt is successful, gold/silver ratio will move towards the resistance at 80, which will be bearish for silver.

Technical Analysis

silver april 7 2022

Silver continues its attempts to settle below the support level at $24.25. RSI remains in the moderate territory, and there is enough room to gain additional downside momentum in case the right catalysts emerge.

If silver manages to settle below the support at $24.25, it will head towards the next support level at $23.90. A successful test of the support at $23.90 will push silver towards the support at $23.70.

On the upside, the nearest resistance level for silver is located at the 50 EMA at $24.70. If silver settles above the 50 EMA, it will head towards the next resistance level, which is located at $24.70.

A move above the resistance at $24.70 will lead to the test of the 20 EMA at $24.80. If silver manages to get above this level, it will head towards the next resistance at $25.10.

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

Silver Gains Ground As U.S. Dollar Pulls Back From Yearly Highs

Key Insights

  • U.S. Dollar Index failed to settle above the resistance level at 99.75 and pulled back, which was bullish for silver. 
  • Meanwhile, gold moved closer to the resistance level at $1935.
  • A move above the 50 EMA will push silver towards the resistance level at $24.70.

Silver ETF Gets Back To The 50 EMA

Silver  is currently trying to settle back above the resistance at $24.55, while the U.S. dollar is losing some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the 50 EMA at $22.65.

The U.S. Dollar Index faced strong resistance at 99.75 and pulled back towards the support level at 99.45. In case the U.S. Dollar Index settles below this level, it will move towards the next support at 99.20, which will be bullish for silver and gold price today.

Gold  has recently made an attempt to settle below the support at $1915 but failed to develop sufficient downside momentum and remained stuck in the $1915 – $1935 range, while SPDR Gold Shares ETF moved towards the $180 level. If gold settles above $1935, it will head towards the next resistance level at $1950, which will be bullish for silver.

Gold/silver ratio declined below the 79 level after an unsuccessful attempt to settle above 79.50. If gold/silver ratio settles back below 79, it will gain additional downside momentum, which will be bullish for silver.

Technical Analysis

silver april 6 2022

Silver is testing the resistance level at the 50 EMA at $24.55. If silver settles back above this level, it will move towards the next resistance at $24.70.

A successful test of the resistance at $24.70 will push silver towards the resistance at the 20 EMA at $24.85. In case silver moves above the 20 EMA, it will head towards the resistance level at $25.10.

On the support side, the nearest support level for silver is located at $24.25. In case silver declines below this level, it will head towards the support level at $23.90. A move below the support at $23.90 will open the way to the test of the next support at $23.70.

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

Silver Tests Resistance At $24.90

Key Insights

  • Gold managed to get out of the recent trading range, which was bullish for silver. 
  • Gold/silver ratio declined towards the 78 level. 
  • A move above the 20 EMA will push silver towards the resistance at $25.10.

Silver ETF Tests The $23.00 Level

Silver is currently trying to settle back above the 20 EMA at $24.90, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to get back above the $23.00 level.

The U.S. Dollar Index failed to settle above the resistance at 99 and pulled back towards 98.85. If the U.S. Dollar Index declines below this level, it will move towards the support at 98.70, which will be bullish for silver and gold price today.

Gold managed to get above the resistance at $1935 and is trying to gain additional upside momentum, while SPDR Gold Shares ETF is moving towards the $181.50 level. The nearest resistance level for gold is located at $1950. In case gold gets to the test of this level, silver will get more support.

Gold/silver ratio is currently trying to get below the support level at 78. If this attempt is successful, gold/silver ratio will move towards the 50 EMA at 77.75, which will be bullish for silver.

Technical Analysis

gold april 5 2022

Silver is testing the resistance at the 20 EMA at $24.90. Silver has already made an attempt to get above this level in the previous trading session, but this attempt yielded no results.

In case silver settles above the 20 EMA, it will move towards the resistance level, which is located at $25.10. RSI is in the moderate territory, and there is plenty of room to gain upside momentum in case the right catalysts emerge. If silver gets above $25.10, it will move towards the rsistance level at $25.30.

On the support side, the nearest support level for silver is located at $24.70. If silver declines below this level, it will head towards the next support at the 50 EMA at $24.55. A successful test of the support at the 50 EMA will open the way to the test of the support at $24.25.

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

Silver Tests Support At $24.55

Key Insights

  • Silver is under pressure as gold/silver ratio tests the 79 level. 
  • Gold continues to trade in a tight range. 
  • A move below the 50 EMA will push silver towards the support level at $24.25.

Silver ETF Is Losing Ground At The Start Of The Week

Silver continues its attempts to settle below the support level at the 50 EMA at $24.55, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below $23.50.

The U.S. Dollar Index managed to settle above the resistance at 98.70 and is trying to get to the test of the next resistance level at 99. If the U.S. Dollar Index gets above this level, it will move towards the next resistance at 99.20, which will be bearish for silver and gold price today.

Gold  remains stuck in the $1915 – $1935 range, while SPDR Gold Shares ETF is trading near the $180 level. If gold manages to get back above the $1935 level, it will gain additional upside momentum, which will be bullish for silver.

Gold/silver ratio is currently testing the resistance at the 79 level. If this test is successful, gold/silver ratio will head towards the 80 level, which will be bearish for silver.

Technical Analysis

silver april 4 2022

Silver is testing the support level at the 50 EMA at $24.55. In case silver declines below this level, it will move towards the next support at $24.25.

A successful test of the support at $24.25 will open the way to the test of the support at $23.90. If silver settles below this level, it will head towards the next support level, which is located at $23.70.

On the upside, silver needs to stay above the 50 EMA to have a chance to gain upside momentum in the near term. The next resistance level for silver is located at $24.70.

If silver climbs above $24.70, it will head towards the resistance at the 20 EMA at $24.95. A move above this level will push silver towards the resistance at $25.30.

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

Silver Is Losing Ground As Treasury Yields Test New Highs

Key Insights

  • The yield of 2-year Treasuries is trying to settle above 2.45%, which is bearish for silver. 
  • Gold moved back into the $1915 – $1935 trading range. 
  • A successful test of the support at $24.70 will push silver back to the next support level at $24.55.

Silver ETF Is Under Some Pressure

Silver is currently trying to settle back below the support level at $24.70, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading below the $23.00 level.

The U.S. Dollar Index is testing the resistance level at 98.70. In case this test is successful, the U.S. Dollar Index will move towards the next resistance level at 99, which will be bearish for silver and gold price today.

Gold  declined below the $1935 level, while SPDR Gold Shares ETF moved closer to the $180 level. In case gold manages to settle below $1935, it will head towards the support at $1915, which will be bearish for silver.

Gold/silver ratio has recently made an attempt to settle above 78.50 but lost momentum and pulled back towards the 78 level. If gold/silver ratio settles below this level, it will head towards the 50 EMA at 77.70, which will be bullish for silver.

It should be noted that the yield of 2-year Treasuries is testing yearly highs at 2.45%. A move above this level will open the way to the test of the 2.50% level, which will be bearish for silver.

Technical Analysis

silver april 1 2022

Silver is testing the support level at $24.70. If this test is successful, silver will get to another test of the next support level, which is located at the 50 EMA at $24.55.

A move below the 50 EMA will open the way to the test of the support at $24.25. If silver declines below this level, it will head towards the support at $23.90.

On the upside, the nearest resistance level for silver is located at the 20 EMA at $25.00. If silver manages to settle above this level, it will move towards the next resistance at $25.30. A move above the resistance at $25.30 will push silver towards the resistance at $25.60.

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

Silver Tests Resistance At The 20 EMA

Key Insights

  • Silver gains ground despite stronger dollar. 
  • Meanwhile, gold managed to get above the resistance at $1935.
  • Silver needs to settle above the 20 EMA to gain additional upside momentum. 

Silver ETF Continues To Rebound

Silver  is trying to settle above the resistance at the 20 EMA at $25.05, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust has managed to get above its 20 EMA at $23.10.

The U.S. Dollar Index managed to settle back above the 98 level and is testing the resistance at 98.35. If this test is successful, the U.S. Dollar Index will move towards the resistance at 98.70, which may be bearish for silver and gold price today. However, it remains to be seen whether stronger dollar will be bearish for precious metals today as demand for safe-haven assets is increasing.

Gold moved above the resistance at $1935 and is heading towards the next resistance level at $1950, while SPDR Gold Shares ETF is trying to settle above the $181 level. If gold gets to the test of the resistance at $1950, silver will get more support.

Gold/silver ratio failed to settle above the 50 EMA at 77.70 and declined towards the 20 EMA at 77.30. In case gold/silver ratio settles below this level, it will head towards the 77 level, which will be bullish for silver.

Technical Analysis

silver march 31 2022

Silver failed to settle below the support at $24.70 and returned to the resistance level at the 20 EMA at $25.05. If silver manages to settle above this level, it will move towards the resistance at $25.30.

A successful test of the resistance at $25.30 will open the way to the test of the next resistance level at $25.60. In case silver gets above this level, it will move towards the resistance at $25.80.

On the support side, silver needs to settle below the support at $24.70 to have a chance to gain downside momentum in the near term. The next support level for silver is located at the 50 EMA at $24.55. If silver declines below this level, it will head towards the support level at $24.25.

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

Silver Rebounds As Dollar Moves To Multi-Week Lows

Key Insights

  • Silver is moving higher, while gold is testing the resistance at $1935.
  • The U.S. dollar is under strong pressure, which is bullish for precious metals. 
  • A successful test of the resistance at the 20 EMA will push silver towards the next resistance at $25.30.

Silver ETF Gains Ground At The Start Of The Trading Session

Silver is currently trying to settle back above the $25.00 level, while the U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get back above the $23.00 level.

The U.S. Dollar Index managed to settle below the support at the 98 level and is testing the next support level at 97.75. In case this test is successful, the U.S. Dollar Index will move towards the next support at the 50 EMA at 97.45, which will be bullish for silver and gold price today.

Gold  settled above the $1915 level and is trying to settle above the next resistance at $1935, while SPDR Gold Shares ETF is testing the 20 EMA at $180.60. In case gold settles above the $1935 level, it will head towards the next resistance at $1950, which will be bullish for silver.

Gold/silver ratio settled above the 20 EMA at 77.30 and continues its attempts to settle above the 50 EMA at 77.70. If gold/silver ratio settles above the 50 EMA, it will head towards the 78 level, which will be bearish for silver.

Technical Analysis

silver march 30 2022

Silver is testing the resistance at the 20 EMA at $25.05. In case this test is successful, silver will move towards the next resistance level, which is located at $25.30.

A move above the resistance at $25.30 will push silver towards the next resistance at $25.60. If silver climbs above this level, it will move towards the resistance at $25.80.

On the support side, the nearest support level for silver is located near today’s lows at $24.70. In case silver settles below this level, it will head towards the support at the 50 EMA at $24.50.

A successful test of the support at the 50 EMA will open the way to the support level at $24.25. If silver declines below the support at $24.25, it will head towards the next support at $24.00.

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

Silver Retreats Amid Progress In Russia – Ukraine Negotiations

Key Insights

  • Silver retreats amid first signs of real progress in negotiations between Russia and Ukraine. 
  • The U.S. dollar is losing ground, but dollar’s weakness does not provide any support to precious metals. 
  • A successful test of the support at $24.25 will push silver towards the support level at $23.90.

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

Silver is currently trying to settle below the support level at $24.25, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the $22.30 level.

The U.S. Dollar Index gained strong downside momentum amid reports of progress in Russia – Ukraine negotiations. Other safe-haven assets like silver and gold have also found themselves under serious pressure. In this environment, dollar’s weakness will not provide support to silver and gold price today.

Gold settled below the support at $1915 and managed to get below the 50 EMA at $1905, while SPDR Gold Shares ETF made an attempt to settle below the $177 level. In case gold settles below the 50 EMA, it will move towards the support at $1880, which will be bearish for silver.

Gold/silver ratio managed to settle above the 78 level and is trying to settle above the resistance at 78.40. In case this attempt is successful, gold/silver ratio will move towards the 79 level, which will be bearish for silver.

Technical Analysis

silver march 29 2022

Silver is testing the support level at $24.25. In case this test is successful, silver will move towards the next support level, which is located at $23.90.

A move below the support at $23.90 will push silver towards the support at $23.70. If silver declines below this level, it will head towards the next support at $23.40.

On the upside, a move above $24.25 will push silver towards the resistance at the 50 EMA at $24.50. If silver settles back above the 50 EMA, it will head towards the resistance level at $24.70. A successful test of this level will open the way to the test of the resistance at the 20 EMA at $25.00.

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

Silver Is Under Pressure As Dollar Heads Towards Yearly Highs

Key Insights

  • Silver is moving lower as the U.S. dollar rallies against a broad basket of currencies.
  • Meanwhile, gold is trying to settle below the 20 EMA near $1935.
  • A successful test of the support at $25.00 will push silver towards the next support level at $24.70.

Silver ETF Is Losing Ground At The Start Of The Week

Silver is currently trying to settle below the support level at $25.00, while the U.S. dolalr is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get below the $23 level.

The U.S. Dollar Index managed to get above the resistance at 99.20 and is trying to get to the test of the next resistance level at 99.45. A move above the resistance at 99.45 will open the way to the test of the next resistance at 99.75, which will be bearish for silver and gold price today.

Gold  continues its attempts to settle below the support at the 20 EMA near $1935, while SPDR Gold Shares ETF is trading near $180.50. In case gold settles back below the 20 EMA, it will gain additional downside momentum and move towards the support at $1915, which will be bearish for silver.

Gold/silver ratio settled above the 77 level and is testing the resistance at the 20 EMA at 77.25. If gold/silver ratio manages to settle above this level, it will head towards the next resistance at the 50 EMA at 77.70, which will be bearish for silver.

Technical Analysis

silver march 28 2022

Silver is testing the support level at $25.00. In case this test is successful, silver will move towards the next support level, which is located at $24.70.

A successful test of the support at $24.70 will open the way to the test of the next support at $24.50. In case silver declines below this level, it will head towards the support at $24.25.

On the upside, silver needs to settle back above the 20 EMA at $25.10 to have a chance to develop upside momentum in the near term. The next resistance level for silver is located at $25.30.

If silver manages to settle above the resistance at $25.30, it will head towards the next resistance level at $25.60. A move above this level 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 Tests Support At $25.30

Key Insights

  • Silver retreats as Treasury yields test new highs. 
  • Gold moves back below the $1950 level. 
  • A move below $25.30 will push silver towards the 20 EMA at $25.10.

Silver ETF Pulls Back Ahead Of The Weekend

Silver is trying to settle below the support level at $25.30, while the U.S. dollar is losing some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is tryng to settle below $23.40.

The U.S. Dollar Index is currently trying to get back above 98.70. If this attempt is successful, the U.S. Dollar Index will move towards the resistance level at 99, which will be bearish for silver and gold price today.

Gold has recently made an attempt to settle above $1960 but lost momentum and pulled back below $1950, while SPDR Gold Shares ETF declined below the $182 level. The nearest support level for gold is located at the 20 EMA at $1940. If gold declines below this level, it will move towards the support at $1915, which will be bearish for silver.

Gold/silver ratio is moving towards the resistance at the 77 level. In case gold/silver ratio settles above this level, it will head towards the 20 EMA at 77.25, which will be bearish for silver.

It should be noted that the yield of 2-year Treasuries has managed to settle above 2.20% and is testing the resistance at 2.25%, which is bearish for precious metals.

Technical Analysis

silver march 25 2022

Silver is testing the support level at $25.30. In case this test is successful, silver will move towards the next support level, which is located at the 20 EMA at $25.10.

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

On the upside, the nearest resistance level for silver is located at $25.60. RSI is in the moderate territory, and there is enough room to gain upside momentum in case the right catalysts emerge.

If silver moves back above the resistance at $25.60, it will head towards the resistance at $25.80. A move above this level will open the way to the test of the resistance at $26.00.

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

Silver Rallies As Gold/Silver Ratio Moves Towards 76

Key Insights

  • Silver gained strong upside momentum as gold/silver ratio declined. 
  • Gold managed to get above the important resistance level at $1950, which was bullish for silver. 
  • A successful test of the resistance at $25.60 will push silver towards the next resistance level at $25.80.

Silver ETF Moves Towards $23.70 At The Start Of The Trading Session

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 get above $23.70.

The U.S. Dollar Index has faced some resistance near 98.90. In case the U.S. Dollar Index gets above this level, it will get to the test of the resistance at 99, which may put some pressure on silver and gold price today. However, traders will likely focus on the dynamics of demand for safe-haven assets.

Gold  managed to get above the resistance at $1950, while SPDR Gold Shares ETF tested the $182.50 level. In case gold settles above $1950, it will move towards the next resistance at $1975, which will be bullish for silver.

Gold/silver ratio settled below the 77 level and is trying to settle below the next support at 76.50. In case this attempt is successful, gold/silver ratio will move towards the 76 level, which will be bullish for silver.

Technical Analysis

silver march 24 2022

Silver is testing the resistance at $25.60. If silver settles above this level, it will move towards the next resistance level, which is located at $25.80.

A successful test of the resistance at $25.80 will push silver towards the resistance at $26.00. In case silver manages to settle above $26.00, it will head towards the resistance at $26.30.

On the support side, the previous resistance at $25.30 will serve as the first support level for silver. In case silver moves back below this level, it will head towards the support at the 20 EMA at  $25.05. A successful test of the support at the 20 EMA 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.

Gold Tries To Move Above $1950 As Geopolitical Tensions Increase

Key Insights

  • Gold is moving higher after Russia’s decision to receive payments for its gas from “unfriendly” countries in roubles. 
  • Higher Treasury yields may put some pressure on gold markets, but traders will likely focus on geopolitical developments. 
  • Gold mining stocks could rally if gold manages to settle above the resistance at $1950.

Demand For Gold Stays Strong Amid Geopolitical Uncertainty

Gold settled back above $1935 and made an attempt to settle above the next resistance at $1950 as demand for safe-haven assets continued to increase amid lack of progress in negotiations between Russia and Ukraine.

Russia’s recent decision to receive payments for its gas from “unfriendly” countries in roubles indicated that geopolitical tensions are escalating. It remains to be seen whether European countries will agree to pay in roubles, and it is not clear what will happen in case all consumers refuse to do so. However, it is obvious that uncertainty is increasing and stakes are high, which is bullish for gold.

It should be noted that the recent pullback in Treasury yields provided additional support to gold. Currently, Treasury yields are moving higher, which may put some pressure on gold, although geopolitical developments will likely serve as the main driver for gold markets today.

While gold is trying to get above the resistance at $1950, VanEck Gold Miners ETF could make an attempt to settle above the $39 level today. VanEck Gold Miners ETF has outperformed SPDR Gold Shares ETF this year as gold mining stocks provide leverage to gold prices. In case gold gets back to the upside mode, VanEck Gold Miners ETF will have a good chance to gain strong upside momentum.

Technical Analysis

gold march 24 2022

Gold is testing the resistance level at $1950. In case gold manages to settle above this level, it will move towards the next resistance at $1975.

A move above the resistance at $1975 will push gold towards the next resistance at $2000. If gold settles above this level, it will move towards the resistance at $2020.

On the support side, the nearest support level for gold is located at the 20 EMA at $1935. If gold gets back below the 20 EMA, it will head towards the support level, which is located near the recent lows at $1915. A move below this level will open the way to the test of the 50 EMA at $1900.

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

Silver Rebounds Amid Rally In Commodity Markets

Key Insights

  • Silver gains ground amid broad commodity rally. 
  • Stronger dollar does not put any pressure on precious metals as demand for safe-haven assets increases. 
  • A move above $25.00 will push silver towards the resistance at $25.30.

Silver ETF Rallies At The Start Of The Trading Session

Silver is currently trying to settle back above $25.00, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle above $23.20.

The U.S. Dollar Index has recently managed to get back above the resistance at 98.70 and is moving towards the next resistance level at 99. A move above 99 will open the way to the test of the resistance at 99.20, which may be bearish for silver and gold price today. However, it should be noted that demand for precious metals will likely depend on the demand for safe-haven assets rather than the fluctuations of the American currency.

Gold failed to settle below the support at $1915 and rebounded towards the 20 EMA at $1935, while SPDR Gold Shares ETF tested the 20 EMA at $180.45. In case gold settles above the resistance at $1935, it will head towards the next resistance level at $1950, which will be bullish for silver.

Gold/silver ratio declined back below the 20 EMA at 77.35 and is testing the 77 level. In case gold/silver ratio settles below this level, it will move towards the suport at 76.50, which will be bullish for silver.

Technical Analysis

silver march 23 2022

Silver is testing the resistance at $25.00. In case this test is successful, it will head towards the next resistance at $25.30.

If silver manages to settle above the resistance at $25.30, it will head towards the resistance at $25.60. A move above this level will push silver towards the resistance at $25.80.

On the support side, the nearest support level for silver is located at $24.70. In case silver declines below this level, it will head towards the next support level, which is located at $24.50. A successful test of this level will lead to the test of the support at the 50 EMA at $24.40.

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

Silver Tests Support At $24.70

Key Insights

  • Silver is moving lower as gold/silver ratio gets back above 77.50.
  • Meanwhile, gold has moved closer to the support at $1915.
  • A successful test of the support at $24.70 will push silver towards the next support level at $24.50.

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

Silver  is currently trying to settle below the support at $24.70, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust has managed to get below the $23 level.

The U.S. Dollar Index faced resistance near the 99 level and declined towards the support at 98.35. In case the U.S. Dollar Index manages to settle below this level, it will move towards the next support at the 20 EMA at 98, which may provide some support to silver and gold price today.

Gold failed to settle above the resistance at $1935 and moved closer to the support level at $1915, while SPDR Gold Shares ETF moved towards the $179 level. In case gold manages to settle below the support at $1915, it will gain additional downside momentum and head towards the support at $1900, which will be bearish for silver.

Gold/silver ratio is testing the resistance at the 20 EMA at 77.40. In case this test is successful, gold/silver ratio will move towards the 50 EMA at 77.85, which will be bearish for silver.

Technical Analysis

silver march 22 2022

Silver is testing the support level at $24.70. In case silver manages to settle below this level, it will head towards the support at $24.50.

A move below the support level at $24.50 will push silver towards the next support at the 50 EMA at $24.35. If silver declines below the 50 EMA, it will head towards the support level at $24.20.

On the upside, the previous support at the 20 EMA at $25.00 will serve as the first resistance level for silver. In case silver manages to settle back above this level, it will head towards the resistance at $25.30. A successful test of the resistance at $25.30 will push silver towards the next resistance level, which is located at $25.60.

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

Silver Rebounds Despite Stronger Dollar

Key Insights

  • Silver and gold gain some ground at the start of the week. 
  • Gold/silver ratio has stabilized near the 77 level. 
  • A move above the $25 level will push silver towards the resistance at $25.30.

Silver ETF Is Moving Higher

Silver is currently trying to settle back above the $25 level, while the U.S. dollar is gaining some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle above $23.25.

The U.S. Dollar Index continues to test the resistrance level at 98.35. A move above this level will push the U.S. Dollar Index towards the next resistance at 98.70, which may be bearish for silver and gold price today.

Gold remains stuck in the $1915 – $1935 range, while SPDR Gold Shares ETF is moving towards the $181 level. If gold settles above the resistance at $1935, it will head towards the next resistance at $1950, which will be bullish for silver.

Gold/silver ratio has recently made another attempt to settle above the 77 level but failed to develop sufficient upside momentum and pulled back. In case gold declines below the nearest support level at 76.50, it will move towards the next support at 76, which will be bullish for silver.

Technical Analysis

silver march 21 2022

Silver has recently managed to get back above the $25 level and is trying to gain additional upside momentum. In case this attempt is successful, silver will get to the test of the next resistance level, which is located at $25.30.

A move above the resistance at $25.30 will push silver towards the resistance level at $25.60. If silver settles above this level, it will head towards the next resistance at $25.80.

On the support side, a move below $25.00 will push silver towards the support level at $24.70. In case silver declines below this level, it will head towards the next support at the recent lows at $24.50. A move below $24.50 will push silver towards the support at the 50 EMA at $24.35.

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

Silver Pulls Back As Dollar Rebounds

Key Insights

  • Silver is losing ground as traders focus on the rebound of the U.S. dollar. 
  • Gold/silver ratio managed to settle back above the 77 level, which was bearish for silver. 
  • A move below the support at $25.00 will push silver towards the support level at $24.70.

Silver Is Moving Lower Ahead Of The Weekend

Silver is currently trying to settle below the support at $25.00, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near the 20 EMA at $23.10.

The U.S. Dollar Index gained strong upside momentum and is trying to settle above the resistance at 98.35. In case this attempt is successful, the U.S. Dollar Index will get to the test of the next resistance at 98.70, which will be bearish for silver and gold price today.

Gold continues its attempts to settle below the $1935 level , while SPDR Gold Shares ETF is trading near the $180 level. In case gold manages to settle below $1935, it will move towards the support level at $1915, which will be bearish for silver.

Gold/silver ratio has recently managed to get back above the 77 level and is trying to gain additional upside momentum. If gold/silver ratio settles above this level, it will move towards the 20 EMA at 77.45, which will be bearish for silver.

Technical Analysis

silver march 18 2022

Silver is testing the support level at the 20 EMA at $25.00. In case silver manages to settle below this level, it will move towards the next support level, which is located at $24.70.

A successful test of the support at $24.70 will push silver towards the support at $24.50. In case silver declines below this level, it will move towards the 50 EMA at $24.30.

On the upside, the nearest resistance level for silver is located at $25.30. RSI is in the moderate territory, and there is plenty of room to gain upside momentum in case the right catalysts emerge.

If silver settles above the resistance at $25.30, it will head towards the next resistance level at $25.60. A move above $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 Despite Weaker Dollar

Key Insights

  • Silver remains under pressure while gold is trading near the $1915 level.
  • Dollar’s weakness fails to provide enough support to precious metals ahead of Fed Interest Rate Decision.
  • Expect more volatility today as markets will react to Fed Chair Powell’s comments.

Silver ETF Is Trying To Settle Below $23

Silver continues its attempts to settle below the support level at $24.70, while the U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle back below the $23 level.

The U.S. Dollar Index is testing the support level at 98.70. If this test is successful, the U.S. Dollar Index will move towards the next support at 98.35, which may provide some support to silver and gold price today.

Meanwhile, gold has settled near the support level at $1915 while SPDR Gold Shares ETF is trading near the $179 level. If gold declines below the support at $1915, it will move towards the next support at $1900, which will be bearish for silver.

Gold/silver ratio settled below the 20 EMA at 77.60 and is testing the support level at 77. In case gold/silver ratio manages to settle below this level, it will move towards the next support at 76.50, which will be bullish for silver.

Technical Analysis

silver march 16 2022

Silver continues to test the support level at $24.70. In case silver manages to settle below this level, it will move towards the support level at $24.50.

A move below the support level at $24.50 will open the way to the test of the next support, which is located at the 50 EMA near $24.20. If silver declines below this level, it will head towards the support at $23.90.

On the upside, the nearest resistance level for silver is located at the 20 EMA at $24.95. If silver settles back above this level, it will head towards the resistance at $25.30.

A successful test of the resistance at $25.30 will push silver towards the next resistance at $25.60. In case silver moves above this level, it will head towards the resistance at $25.80.

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

Silver Remains Under Strong Pressure

Key Insights

  • Silver continues to move lower as demand for safe-haven assets declines. 
  • Gold tests the support level at $1915.
  • A successful test of the support at $24.70 will push silver towards the next support at $24.50.

Silver ETF Is Losing Ground

Silver is currently testing the support level at $24.70, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get below the support at $22.80.

The U.S. Dollar Index settled below the 99 level and is testing the next support at 98.70. If the U.S. Dollar Index declines below this level, it will move towards the support at 98.35, which may be bullish for silver and gold price today. However, it should be noted that general demand for safe-haven assets remains the key driver for precious metals.

Gold settled below the 20 EMA and is testing the next support level at $1915 while SPDR Gold Shares ETF is trying to settle below the $179 level. If gold settles below $1915, it will head towards the support at the $1900 level, which will be bearish for silver.

Gold/silver ratio has recently made another attempt to settle above the resistance at the 50 EMA at 78.05 but failed to develop sufficient upside momentum and pulled back. In case gold/silver ratio settles below the support at 77.50, it will head towards the 77 level, which will be bullish for silver.

Technical Analysis

silver march 15 2022

Silver is testing the support level at $24.70. If this test is successful, silver will move towards the next support level at $24.50.

In case silver manages to settle below the support at $24.50, it will head towards the next support level, which is located at the 50 EMA at $24.20. RSI remains in the moderate territory, so there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

On the upside, silver needs to get back above the 20 EMA at $24.95 to have a chance to develop upside momentum in the near term. The next resistance level for silver is located at $25.30.

If silver settles above the resistance at $25.30, it will head towards the next resistance level at $25.60. A move above this level 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 Towards $25.00

Key Insights

  • Silver is losing ground as gold/silver ratio gets back to the 78 level. 
  • Demand for safe-haven assets declines, which is bearish for silver. 
  • A move below the support at $25.00 will open the way to the test of the next support level at $24.70.

Silver ETF Is Losing Ground At The Start Of The Week

Silver is currently trying to settle below the support level at $25.00, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below $23.20.

The U.S. Dollar Index has recently made an attempt to settle below the support level at 98.70 but failed to develop sufficient downside momentum and rebounded towards the resistance at 99. If the U.S. Dollar Index manages to settle back above this level, it will move towards 99.20, which may be bearish for silver and gold price today.

Gold settled below the support level at $1975 and is trying to settle below the next support at $1950, while SPDR Gold Shares ETF has managed to get below the $183 level. In case gold declines below the support at $1950, it will head towards the next support level at the 20 EMA near $1940, which will be bearish for silver.

Gold/silver ratio has recently made an attempt to settle above the resistance at the 50 EMA near the 78 level. A move above this level will open the way to the test of the resistance at 78.50, which will be bearish for silver.

Technical Analysis

silver march 14 2022

Silver is testing the support level near the 20 EMA at $25.00. If silver manages to settle below this level, it will head towards the next support at $24.70.

A move below the support at $24.70 will push silver towards the support level at $24.50. In case silver declines below this level, it will head towards the support level, which is located near the 50 EMA at $24.20.

On the upside, the previous support at $25.30 will serve as the first resistance level for silver. If silver gets back above this level, it will head towards the next resistance at $25.60. A successful test of this level will open the way to the test of the resistance at $25.80.

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

Silver Tests Support At $25.60

Key Insights

  • Silver pulls back as gold moves below the support level at $1975.
  • Gold/silver ratio is stuck below the 77 level, which is bullish for silver. 
  • A move below $25.60 will push silver towards the support level at $25.30.

Silver ETF Is Losing Ground In Premarket Trading

Silver  is currently trying to settle below the support at $25.60, while the U.S. dollar is mostly flat against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to get below $23.50 in premarket trading.

The U.S. Dollar Index has recently made an attempt to settle above the resistance at 98.70 but lost momentum and pulled back towards 98.50. If the U.S. Dollar Index settles below this level, it will move towards the support at 98.35, which will be bullish for silver and gold price today.

Gold managed to get below the support level at $1975 and is moving towards the support at $1950, while SPDR Gold Shares ETF is trying to settle below $183.50 in premarket trading. In case gold manages to settle below the support at $1950, it will gain additional downside momentum and head towards the next support at $1930, which will be bearish for silver.

Gold/silver ratio continues its attempts to settle below the support at the 77 level. In case gold/silver ratio manages to settle below this level, it will get to the test of the next support at 76.50, which will be bullish for silver.

Technical Analysis

silver march 11 2022

Silver is testing the support level at $25.60. If silver settles below this level, it will move towards the next support at the recent lows at $25.30.

A move below the support at $25.30 will push silver towards the next support level, which is located near the 20 EMA at $25.00. In case silver declines below this level, it will head towards the support at $24.70.

On the upside, the previous support level at $25.80 will serve as the first resistance level for silver. If silver gets back above this level, it will head towards the resistance at $26.00. A successful test of the resistance at $26.00 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.