Silver Rebounds Towards The Resistance At The $26 Level

Key Insights

  • Silver received strong support near $25.30 and is trying to move above the $26 level. 
  • Gold has recently managed to get back above the $2000 level as global markets remain nervous.
  • A move above $26.00 will push silver towards the resistance level at $26.15.

Silver ETF Moves Higher In Premarket Trading

Silver is currently trying to settle back above the resistance at $26.00, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is moving towards the $24 level in premarket trading.

The U.S. Dollar Index has recently made an attempt to settle below the support at 97.75 but failed to develop sufficient downside momentum. In case the U.S. Dollar Index manages to settle below this level, it will move towards the next support at 97.45, which will be bullish for silver and gold price today.

Gold has recently managed to get back above the $2000 level, while SPDR Gold Shares ETF is trying to settle above $186.50 in premarket trading. In case gold settles above $2000, it will move towards the next resistance at $2020, which will be bullish for silver.

Gold/silver ratio failed to settle above the resistance at the 20 EMA at 77.80 and declined below 77.50. If gold/silver ratio settles below this level, it will head towards the 77 level, which will be bullish for silver.

Technical Analysis

silver march 10 2022

Silver is testing the resistance at $26.00. In case this test is successful, silver will move towards the next resistance level at $26.15. RSI has recently pulled back into the moderate territory, so there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

A move above the resistance at $26.15 will push silver towards the resistance at $26.50. If silver gets above this level, it will head towards the next resistance level at $26.80.

On the support side, the nearest support level for silver is located at $25.80. In case silver declines below this level, it will head towards the next support at $25.60.

A move below the support at $25.60 will open the way to the test of the support near the recent lows at $25.30. If silver settles below this level, it will move towards the support level at $25.00.

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

Silver Tests Support At $25.80

Key Insights

  • Silver pulls back after strong rally. 
  • Gold moves below the $2000 level as traders take some profits off the table.
  • A move below the support at $25.80 will push silver towards $25.60.

Silver ETF Is Losing Ground In Premarket Trading

Silver is currently trying to settle below the support at $25.80, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust declined below the $24.00 level in premarket trading

The U.S. Dollar Index gained strong downside momentum and settled below the support at 98.70. Currently, the U.S. Dollar Index is testing the next support level at 98.35. In case this test is successful, the U.S. Dollar Index will move towards the 98 level, which may provide some support to silver and gold price today. It should be noted that dynamics of demand for safe-haven assets will serve as the key driver for precious metals.

Gold pulled back below the $2000 level, while SPDR Gold Shares ETF declined below the $186 level in premarket trading. In case gold manages to settle below $2000, it will head towards the next support level at $1975, which will be bearish for silver.

Gold/silver ratio has recently moved back below the 77 level and is trying to develop additional downside momentum. In case this attempt is successful, it will head towards the support at 76.50, which will be bullish for silver.

Technical Analysis

silver march 9 2022

Silver is testing the support level at $25.80. If silver manages to settle below this level, it will move towards the next support at $25.60.

A successful test of the support at $25.60 will push silver towards the next support at $25.30. A move below this level will open the way to the test of the support at $25.00.

On the upside, the previous support level at $26.00 will serve as the first resistance level for silver. If silver manages to settle back above this level, it will head towards the resistance at $26.15. A move above the resistance at $26.15 will push silver towards the resistance at $26.50.

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

Silver Tests Resistance At $26.15

Key Insights

  • Silver moved above the $26 level as gold/silver ratio declined below the 77 level. 
  • Gold settled above the $2000 level, providing additional support to silver. 
  • A move above $26.15 will push silver towards the resistance at $26.50.

Silver ETF Rallies In Premarket Trading

Silver is currently trying to settle above the resistance at $26.15, while the U.S. dollar is losing some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust has managed to get above $24.20 in premarket trading.

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

Gold rallied above the $2000 level and tested the resistance at $2020, while SPDR Gold Trust moved above the $188 level in premarket trading. In case gold settles above $2020, it will move towards the resistance at $2050, which will be bullish for silver.

Gold/silver ratio faced strong resistance near the 50 EMA at 78.20 and declined below the 77 level. Currently, gold/silver ratio is trying to get below 76.50. In case this attempt is successful, gold/silver ratio will head towards the 76 level, which will be bullish for silver.

Technical Analysis

silver march 8 2022

Silver managed to get above the resistance level at $26.15 and is trying to develop additional upside momentum. In case this attempt is successful, silver will head towards the resistance at $26.50.

A move above the resistance at $26.50 will push silver towards the next resistance at $26.75. In case silver manages to settle above this level, it will head towards the next resistance at $27.00.

On the support side, a move below $26.15 will push silver towards the support level at $26.00. If silver declines below this level, it will head 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 next support at $25.60.

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

Silver Pulled Back After An Unsuccessful Attempt To Settle Above $26

Key Insights

  • Silver made an attempt to settle above the $26 level but lost momentum and pulled back. 
  • Gold faced resistance at the $2000 level. 
  • A move above $25.60 will push silver back towards the resistance level at $25.80.

Silver ETF Moves Lower In Premarket Trading

Silver is currently trying to settle back above $25.60, while the U.S. dollar is moving higher against a broad basket of currencies. Meanwhile, iShares Silver Trust is located near $23.50 in premarket trading.

The U.S. Dollar Index has recently settled in the range between the support at 98.70 and the resistance at the 99 level. A move above the 99 level will open the way to the test of the resistance at 99.20, which will be bearish for silver and gold price today.

Gold tested the resistance at the psychologically important $2000 level but lost momentum and pulled back towards the support at $1975, while SPDR Gold Trust moved above $184 in premarket trading. In case gold settles back below the support at $1975, it will gain additional downside momentum and head towards the support at $1950, which will be bearish for silver.

Gold/silver ratio settled above the 77 level and made an attempt to settle above 77.50. A move above this level will push gold/silver ratio towards the 20 EMA at 77.90, which will be bearish for silver.

Technical Analysis

silver march 7 2022

Silver failed to settle below the support level at $25.40 and is testing the nearest resistance at $25.60. If this test is successful, silver will head towards the next resistance level, whic is located at $25.80.

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

On the support side, silver needs to settle below $25.40 to have a chance to develop downside momentum in the near term. The next support level for silver is located at $25.20. A successful test of this level will push silver towards the support at $25.00.

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

Silver Stays Range-Bound As Dollar Rallies To New Highs

Key Insights

  • Demand for safe-haven assets remains strong ahead of the weekend. 
  • However, silver’s gains are limited due to the strong performance of the U.S. dollar. 
  • A move above $25.40 will push silver towards the resistance at $25.60.

Silver ETF Gains Some Ground In Premarket Trading

Silver is currently stuck in the range between the support at $25.20 and the resistance at $25.40, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trying to settle above $23.30 in premarket trading.

The U.S. Dollar Index gained strong upside momentum and moved above the resistance at 98.70. In case the U.S. Dollar Index manages to settle above this level, it will head towards the resistance at 99, which will be bearish for silver and gold price today.

Gold received strong support near the $1930 level and tested the resistance at $1950, while SPDR Gold Trust settled above $181.50 in premarket trading. If gold manages to settle above $1950, it will gain additional upside momentum and head towards the resistance at $1975, which will be bullish for silver.

Gold/silver ratio is currently trying to settle back above the 77 level. In case this attempt is successful, gold/silver ratio will move towards the resistance near 77.40, which will be bearish for silver.

Technical Analysis

silver march 4 2022

Silver is trading in the $25.20 – $25.40 range. If silver manages to settle above $25.40, it will head towards the resistance at the recent highs at $25.60.

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

On the support side, a move below $25.20 will open the way to the test of the support at $25.00. In case silver declines below this level, it will head towards the support level at $24.70. A move below the support at $24.70 will push silver towards the support at $24.50.

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

Silver Tests Support At $25.20

Key Insights

  • Silver moves lower for the second day in a row. 
  • Stronger dollar has finally put some pressure on precious metals. 
  • A move below $25.20 will push silver towards the support level at $25.00.

Silver ETF Is Losing Some Ground In Premarket Trading

Silver is currently trying to settle below the support level at $25.20, while the U.S. dollar is moving higher against a broad basket of currencies. Meanwhile, iShares Silver Trust  is trading near $23.35 in premarket trading.

The U.S. Dollar Index managed to settle above the resistance at 97.50 and is moving towards the next resistance level at 97.75. In case the U.S. Dollar Index gets above this level, it will head towards the 98 level, which may be bearish for silver and gold price today.

Gold is trading near the $1930 level, while SPDR Gold Trust is trying to settle above the $180 level in premarket trading. In case gold manages to settle above $1930, it will move towards the next resistance level at $1950, which will be bullish for silver.

Gold/silver ratio is testing the support level at 76. In case this test is successful, gold/silver ratio will move towards the next support at 75.50, which will be bullish for silver.

Technical Analysis

silver march 3 2022

Silver is testing the support level at $25.20. If this test is successful, silver will move towards the next support level, which is located at $25.00.

A successful test of the support at $25.00 will open the way to the test of the next support at $24.70. In case silver declines below this level, it will head towards the next support level at $24.50.

On the upside, the previous support at $25.40 will serve as the first resistance level for silver. If silver gets back above this level, it will head towards the resistance at $25.60. A move above 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 Pulls Back After Strong Rally

Key Insights

  • Silver moves lower as traders take some profits off the table. 
  • Gold did not manage to settle above $1950 and pulled back towards $1930.
  • Geopolitical developments remain the key driver for precious metals. 

Silver ETF Declines In Premarket Trading

Silver is currently trying to settle back above $25.20, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get back above $23.30 in premarket trading.

The U.S Dollar Index has recently made an attempt to settle above the resistance at 97.75 but lost momentum and pulled back. In case the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 98, which may be bearish for silver and gold price today.

Gold faced resistance near $1950 and pulled back towards the support at $1930, while SPDR Gold Trust moved towards $180.50 in premarket trading. In case gold manages to stay above $1930, it will have a good chance to get to another test of the resistance at $1950, which will be bullish for silver.

Gold/silver ratio failed to settle back above the 77 level and continues to move lower. In case gold/silver ratio declines below 76.50, it will head towards the recent lows at 76, which will be bullish for silver.

Technical Analysis

silver march 2 2022

Silver faced resistance near $25.60 and pulled back towards $25.20. If silver manages to settle back above this level, it will move towards the resistance at $25.40.

A move above $25.40 will open the way to the test of the resistance at the recent highs at $25.60. In case silver manages to settle above this level, it will head towards the next resistance level at $25.80.

On the support side, the nearest support level for silver is located at $25.00. In case silver declines below this level, it will move towards the support level at $24.70.

A successful test of the support at $24.70 will push silver towards the support at $24.50. If silver moves below this level, it will head towards the next support at $24.20.

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

Silver Tests Resistance At $24.70

Key Insights

  • Silver continues to move higher amid strong demand for safe-haven assets.
  • Gold/silver ratio declines, which is bullish for silver. 
  • A move above $24.70 will push silver towards the resistance at $25.00.

Silver ETF Gains Ground In Premarket Trading

Silver continues its attempts to settle above the resistance at $24.70, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get above $22.80 in premarket trading.

The U.S. Dollar Index received support near 96.70 and managed to get above the resistance level at 97. If the U.S. Dollar Index settles above this level, it will move towards the next resistance at 97.25, which may be bearish for silver and gold price today, although the dynamics of demand for safe haven assets will remain the key driver for precious metals.

Gold has recently made another attempt to settle above $1915, while SPDR Gold Trust is trying to settle above the $179 level in premarket trading. In case gold manages to settle above $1915, it will get to the test of the resistance at $1930, which will be bullish for silver.

Gold/silver ratio managed to settle below the 78 level and is moving towards 77.50. If gold/silver ratio declines below this level, it will head towards the 77 level, which will be bullish for silver.

Technical Analysis

silver march 1 2022

Silver is testing the resistance at $24.70. If this test is successful, silver will move towards the next resistance level, which is located at $25.00. A move above this level will push silver towards the resistance at $25.20. In case silver settles above $25.20, it will head towards the resistance at $25.40.

On the support side, the previous resistance at $24.50 will serve as the first support level for silver. A move below this level will open the way to the test of the support at $24.20. If silver manages to settle below $24.20, 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 Gains Ground As Precious Metals Stay In Demand

Key Insights

  • Silver moves higher as investors continue to move funds into safe-haven assets.
  • Gold settled back above $1900 and is testing the next resistance at $1915.
  • General risk appetite will remain the key driver for silver in the upcoming days.

Silver ETF Moves Higher At The Start Of The Week

Silver is currently trying to settle above the resistance at $24.50, while the U.S. dollar is gaining some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near $22.50 level.

The U.S. Dollar Index has recently managed to settle below the 97 level and is currently testing the support at 96.70. In case this test is successful, the U.S. Dollar Index will move towards the support at 96.50, which may be bullish for silver and gold price today. However, traders should keep in mind that precious metals and dollar may move in sync as the flow of funds into safe-haven assets is the main driver for them right now.

Gold is testing the resistance at $1915, while SPDR Gold Trust is trying to settle above $178.50. If gold manages to settle above $1915, it will continue its upside move and head towards the resistance level at $1930, which will be bullish for silver.

Gold/silver ratio is testing the resistance level at the 50 EMA at 78.55. If gold/silver ratio manages to settle above this level, it will move towards the 79 level, which will be bearish for silver.

Technical Analysis

silver february 28 2022

Silver continues its attempts to settle above the resistance at $24.50. In case silver manages to settle above this level, it will head towards the next resistance at $24.70.

A move above the resistance at $24.70 will push silver towards the resistance at $25.00. If silver gets above this level, it will head towards the resistance at $25.20. A successful test of the resistance at $25.20 will open the way to the test of the resistance at $25.40.

On the support side, a move below $24.50 will push silver towards the support at $24.20. If silver declines below this level, it will move towards the next support level at $24.00. A successful test of the support at $24.00 will open the way to the test of the support at $23.85.

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

Silver Pulls Back As Demand For Safe-Haven Assets Declines

Key Insights

  • Global markets have calmed down a bit
  • Demand for safe-haven assets decreased, which was bearish for silver
  • Gold moved below the psychologically important $1900 level

Silver ETF Is Losing Ground In Premarket Trading

Silver is currently trying to settle back below the support at $24.00, while the U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is moving towards the $22.00 level in premarket trading.

The U.S. Dollar Index has recently managed to get back below the 97 level and is trying to settle below the next support level at 96.70. In case this attempt is successful, the U.S. Dollar Index will head towards the support at 96.50. In a usual trading day, a weaker dollar would have been bullish for silver and gold price today. However, the current weakness of the dollar highlights the move out of safe-haven assets, which is bearish for precious metals.

Gold settled back below the $1900 level and is heading towards the next support level at $1875, while SPDR Gold Trust is moving towards the $176 level in premarket trading. In case gold gets to the test of the support at $1875, silver will find itself under more pressure.

Gold/silver ratio managed to get above the 50 EMA at 78.60 and is testing the next resistance at the 20 EMA at 78.85. If gold/silver ratio gets above this level, it will move towards the 80 level, which will be bearish for silver.

Technical Analysis

silver february 25 2022

Silver is testing the support at $24.00. If this test is successful, silver will move towards the next support level at $23.85.

A move below $23.85 will open the way to the test of the support at the 20 EMA at $23.70. In case silver declines below this level, it will head towards the next support at the 50 EMA at $23.40.

On the upside, the nearest resistance level for silver is located at $24.20. If silver climbs back above this level, it will move towards the resistance at $24.50.

A successful test of the resistance at $24.50 will push silver towards the resistance at $24.70. If silver moves above this level, it will head towards the next resistance level at $25.00.

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

Silver Tests Resistance At $25.40

Key Insights

  • Silver rallies as Russia attacks Ukraine
  • Gold tests resistance at $1975
  • Near-term dynamics will depend on geopolitical developments

Silver ETF Rallies In Premarket Trading

Silver is currently trying to settle above the resistance at $25.40, while the U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get above the $23.50 level in premarket trading.

The U.S. Dollar Index managed to settle above the 97 level and is testing the next resistance at 97.25 as traders rush to safety due to war in Ukraine. In case the U.S. Dollar Index settles above 97.25, it will move towards the resistance at the yearly highs at 97.45. In a calm market, such a move would have been bearish for silver and gold price today, but traders will likely ignore strong dollar in today’s trading session.

Gold moved above the $1950 level and tested the resistance at $1975, while SPDR Gold Trust climbed above $182.50 in premarket trading. If gold manages to settle above $1975, it will move towards the psychologically important $2000 level, which will be bullish for silver.

Technical Analysis

silver february 24 2022

Silver is trying to get back above the resistance at $25.40. If silver settles above this level, it will move towards the next resistance, which is located at the recent highs at $25.60.

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

On the support side, the previous resistance level at $25.15 will serve as the first support level for silver. In case silver declines below this level, it will move towards the next support at $25.00. A successful test of this support level will open the way to the test of the support at $24.70.

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

Silver Moves Back Above $24.20

Key Insights

  • Silver’s upside trend remains strong
  • Gold continues to trade near the $1900 level, which is bullish for silver
  • Silver has a good chance to test the next resistance level at $24.50

Silver ETF Stays Strong In Premarket Trading

Silver continues its attempts to settle above the resistance at $24.20 while U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get above $22.40 in premarket rading

The U.S. Dollar Index managed to settle below the support at the 96 level and is trying to settle below the 50 EMA at 95.85. In case this attempt is successful, the U.S. Dollar Index will move towards 95.75, which will be bullish for silver and gold price today.

Gold is still trying to settle above the resistance at $1900 while SPDR Gold Trust is trading near the $177 level in premarket trading. If gold manages to get back above $1900, it will move towards the resistance at $1915 which will be bullish for silver.

Gold/silver ratio is testing the support at the 50 EMA at 78.65. If gold/silver ratio settles below this level, it will head towards the support at the 78 level, which will be bullish for silver.

Technical Analysis

silver february 23 2022

Silver is once again testing the resistance level at $24.20. If silver manages to settle above this level, it will head towards the next resistance level, which is located at $24.50.

A successful test of the resistance at $24.50 will push silver towards the resistance at $24.70. In case silver gets above this level, it will head towards the next resistance level at $25.00.

On the support side, the nearest support level for silver is located at $24.00. A move below the support at $24.00 will push silver towards the next support at $23.70. A move below $23.70 will open the way to the test of the support at the 20 EMA at $23.55.

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

Silver Tests Resistance At $24.20

Silver ETF Is Moving Higher In Premarket Trading

Silver is currently trying to settle above the resistance at $24.20 while the U.S. dollar is under pressure against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the $22.30 level in premarket trading.

The U.S. Dollar Index made an attempt to settle above the resistance at 96.25 but failed to develop sufficient upside momentum and pulled back below the support level at 96. In case the U.S. Dollar Index manages to settle below this level, it will move towards the support at the 50 EMA near 95.85, which will be bullish for silver and gold price today. A weaker dollar is bullish for precious metals as it makes them cheaper for buyers who have other currencies.

Gold managed to settle above the $1900 level and tested the next resistance at $1915, while SPDR Gold Trust moved above $177.50 in premarket trading. Geopolitical tensions continue to increase, so gold has a good chance to get above the $1915 level. In this scenario, it will gain additional upside momentum and head towards the resistance at $1930, which will be bullish for silver.

Meanwhile, gold/silver ratio settled below the 20 EMA at 79 and is testing the support at the 50 EMA at 78.65. If gold/silver ratio declines below this level, it will head towards the 78 level, which will be bullish for silver.

Technical Analysis

silver february 22 2022

Silver is currently testing the resistance at $24.20. In case this test is successful, silver will move towards the next resistance level at $24.50.

A move above the resistance at $24.50 will open the way to the test of the resistance at $24.70. If silver manages to settle above this level, it will head towards the next resistance level at $25.00.

On the support side, the previous resistance at $24.00 will serve as the first support level for silver. If silver declines below this level, it will head towards the support at $23.70.

A successful test of the support at $23.70 will push silver towards the support at the 20 EMA at $23.50. If silver declines below this level, it will move towards the next support level, which is located at the 50 EMA at $23.30.

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

Silver Pulls Back After Unsuccessful Attempt To Settle Above $24.00

Silver Moves Lower At The Start Of The Week

Silver has recently made another attempt to settle above the resistance at $24.00 but failed to develop sufficient upside momentum and pulled back while the U.S. dollar lost some ground against a broad basket of currencies.

The U.S. Dollar Index failed to settle below the 50 EMA at 95.75 and is currently trying to settle back above the resistance at 96. In case this attempt is successful, the U.S. Dollar Index will head towards the resistance at 96.25 which will be bearish for silver and gold price today.

Meanwhile, gold is still trading near the important $1900 level. Geopolitical tensions are increasing, and gold has a good chance to settle above this level. In this scenario, gold will move towards the next resistance at $1915 which will be bullish for silver. It should be noted that SPDR Gold Trust and iShares Silver Trust are not trading today as the U.S. markets are closed.

Gold/silver ratio has moved back above 79.50 and is trying to get to the test of the 80 level. In case gold/silver ratio manages to settle above 80, it will head towards the resistance at 81 which will be bearish for silver.

Technical Analysis

silver february 21 2022

Silver is currently trading in the range between the support at $23.70 and the resistance at $24.00. If silver manages to get above the $24.00 level, it will head towards the resistance at $24.20.

A move above the resistance at $24.20 will push silver towards the resistance at $24.50. In case silver moves above this level, it will head towards the resistance which is located at $24.70.

On the support side, a move below the support at $23.70 will open the way to the test of the support at $23.50. A successful test of this level will push silver towards the support at the 20 EMA at $23.40. If silver declines below the 20 EMA, it will head towards the next support at the 50 EMA at $23.25.

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

Silver Tests Resistance At $24.00

Silver ETF Continues To Gain Ground Ahead Of The Weekend

Silver is currently trying to settle above the $24.00 level while U.S. dollar is gaining some ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle above $22.20 in premarket trading.

The U.S. Dollar Index moved back above the 50 EMA at 95.80 and is trying to develop additional upside momentum. In case this attempt is successful, it will head towards the resistance at 96 which will be bearish for silver and gold price today. Stronger dollar is bearish for precious metals as it makes them more expensive for buyers who have other currencies.

Gold is testing the key resistance level at $1900 amid geopolitical tensions while SPDR Gold Trust is trying to get to the test of the $177.50 level. In case gold settles above $1900, it will move towards the resistance level at $1915 which will be bullish for silver.

Gold/silver ratio is testing the support level at the 20 EMA at 78.95. In case gold/silver ratio declines below this level, it will move towards the next support at the 50 EMA at 78.60 which will be bullish for silver.

Technical Analysis

silver february 18 2022

Silver settled above the resistance level at $23.70 and is testing the next resistance level at $24.00. In case silver manages to settle above this level, it will head towards the next resistance level at $24.20.

A successful test of the resistance at $24.20 will push silver towards the next resistance level at $24.50. If silver gets above $24.50, it will move towards the resistance which is located at the yearly highs at $24.70.

On the support side, the previous resistance at $23.70 will serve as the first support level for silver. If silver gets below this level, it will move towards the next support at $23.50. A move below the support at $23.50 will push silver towards the next support level which is located at the 20 EMA at $23.35.

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

Silver Gains Ground As Gold Rallies Towards $1900

Silver ETF Is Set To Open Higher

Silver is currently trying to settle above the resistance at $23.70 while U.S. dollar is flat against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to get above the $22.00 level in premarket trading.

The U.S. Dollar Index continues its attempts to settle below the 50 EMA which is located at 95.80. If the U.S. Dollar Index manages to settle below this level, it will move towards the next support level at 95.40 which will be bullish for silver and gold price today.

Meanwhile, gold managed to settle above the resistance at $1875 and is moving towards the $1900 level while SPDR Gold Trust is heading towards the $177 level. In case gold gets above $1900, it will gain additional upside momentum and head towards the resistance at $1915 which will be bullish for silver.

Gold/silver ratio settled back above 79.50 and made an attempt to get to the test of the 80 level. A move above 80 will push gold/silver ratio towards 81 which will be bearish for silver.

Technical Analysis

silver february 17 2022

Silver has recently managed to get above $23.70 and is trying to develop additional upside momentum. In case this attempt is successful, silver will move towards the next resistance level which is located at $24.00.

A move above the resistance at $24.00 will open the way to the test of the resistance at $24.20. If silver manages to settle above this level, it will head towards the next resistance at $24.50.

On the support side, silver needs to get back below $23.70 to have a chance to gain downside momentum in the near term. The next support level for silver is located at $23.50.

If silver declines below this level, it will move towards the support level at the 20 EMA at $23.30. In case silver manages to settle below the 20 EMA, it will get to the test of the support at the 50 EMA at $23.20.

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

Silver Gets Back To $23.50 As Precious Metals Rebound

Silver ETF Gains Ground As Dollar Declines

Silver is currently trying to settle back above the resistance at $23.50 while U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is testing the resistance at $21.80.

The U.S. Dollar Index has recently made an attempt to settle below the 50 EMA at 95.80 but failed to develop sufficient downside momentum. In case the U.S. Dollar Index manages to settle below the 50 EMA, it will head towards the support level at 95.40 which will be bullish for silver and gold price today.

Gold received strong support near $1845 and moved back above $1860 while SPDR Gold Trust tested the $174 level. In case gold settles above $1860, it will move towards the resistance level at $1875 which will be bullish for silver.

Gold/silver ratio is testing the support level at the 20 EMA at 78.90. If gold/silver ratio settles below the 20 EMA, it will head towards the support at the 50 EMA near 78.50 which will be bullish for silver.

Technical Analysis

silver february 16 2022

Silver is testing the resistance level at $23.50. In case silver manages to settle above this level, it will head towards the next resistance at $23.70.

A move above the resistance at $23.70 will open the way to the test of the resistance which is located at the recent highs at $24.00. In case silver gets above the resistance at $24.00, it will head towards the next resistance level at $24.20.

On the support side, silver needs to stay below $23.50 to have a chance to gain downside momentum in the near term. The next support level for silver is located at the 20 EMA at $23.20. The 50 EMA is located in the nearby, so silver will likely receive material support in this area.

A move below the 20 EMA and the 50 EMA will push silver towards the $23.00 level. In case silver declines below $23.00, it will move towards the next support level at $22.80.

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

Silver Drops 3% As Geopolitical Tensions Ease

Silver ETF Is Under Serious Pressure

Silver is currently trying to settle below the support at the 50 EMA at $23.15 while U.S. dollar is losing ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle below the 50 EMA at $21.40.

The U.S. Dollar Index continues its attempts to get below the support level at 96. In case the U.S. Dollar Index manages to settle below this level, it will move towards the 50 EMA at 95.80 which will be bullish for silver and gold price today.

Gold faced resistance at $1875 and pulled back towards the support level at $1845 as traders focused on the first signs of de-escalation between Russia and Ukraine. Meanwhile, SPDR Gold Trust declined below the $173 level. In case gold manages to settle back below the support at $1845, it will gain additional downside momentum and head towards the next support level at $1830 which will be bearish for silver.

Gold/silver ratio managed to get back to the 80 level. If gold/silver ratio manages to settle above 80, it will head towards the resistance at the 81 level which will be bearish for silver.

Technical Analysis

silver february 15 2022

Silver is currently testing the support level at the 50 EMA at $23.15. In case this test is successful, silver will move towards the $23.00 level.

A move below $23.00 will open the way to the test of the support level at $22.80. RSI is in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge. If silver settles below $22.80, it will move towards the next support at $22.60.

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 $23.50.

If silver manages to settle back above $23.50, it will move towards the resistance at $23.70. A successful test of this level will push silver towards the resistance level at $24.00.

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

Silver Rallies While Gold Gets To $1865

Silver ETF Gains Ground At The Start Of The Week

Silver is currently trying to get above the resistance at $24.00 while U.S. dollar is gaining ground against a broad basket of currencies. Meanwhile, iShares Silver Trust is trying to settle above the $22.00 level.

The U.S. Dollar Index managed to settle above the 96 level and is testing the next resistance level which is located at 96.25. A move above this level will open the way to the test of the resistance at 96.50 which may be bearish for silver and gold price today, although it should be noted that precious metals have ignored stronger dollar during the current trading session.

Gold is moving towards the resistance level at $1875 while SPDR Gold Trust has managed to get above the $174 level. In case gold manages to settle above $1875, it will gain additional upside momentum and head towards the $1900 level which will be bullish for silver.

Gold/silver ratio managed to get below the 50 EMA at 78.45 and is trying to settle below the 78 level. A move below this level will push gold/silver ratio towards the support at the recent lows at 77.75 which will be bullish for silver.

Technical Analysis

silver february 14 2022

Silver managed to get above the resistance at $23.70 and is trying to get to the test of the next resistance level at $24.00. In case silver manages to settle above $24.00, it will move towards the next resistance at $24.25.

A successful test of the resistance at $24.25 will open the way to the test of the resistance at $24.50. If silver settles above this level, it will head towards the next resistance level at $24.70.

On the support side, the previous resistance at $23.70 will serve as the first support level for silver. If silver declines below this level, it will move towards the next support at $23.50. A successful test of the support at $23.50 will open the way to the test of the support at $23.20.

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

Silver Is Under Some Pressure Ahead Of The Weekend

Silver ETF Pulls Back

Silver is currently trying to settle below the support at the 50 EMA at $23.10 while U.S. dollar is mostly flat against a broad basket of currencies. Meanwhile, iShares Silver Trust is trading near its 50 EMA at $21.35.

The U.S. Dollar Index has recently made an attempt to settle above the resistance at the 96 level but lost momentum and pulled back towards the support at the 50 EMA at 95.75. In case the U.S. Dollar Index manages to settle below the 50 EMA, it will head towards the support level at 95.40 which will be bullish for silver and gold price today. Weaker dollar is bullish for precious metals as it makes them cheaper for buyers who have other currencies.

Gold continues its attempts to settle above the $1830 level while SPDR Gold Trust is trading below the $171 level. In case gold manages to settle back above $1830, it will try to develop additional upside momentum and move closer to the next resistance at $1845 which will be bullish for silver.

Gold/silver ratio is testing the resistance level at 79.50. In case gold/silver ratio manages to settle above this level, it will move towards the next resistance at the 80 level which will be bearish for silver.

Technical Analysis

silver february 11 2022

Silver is testing the support level at the 50 EMA. In case silver manages to settle below this level, it will head towards the next support at $22.80.

A move below the support at $22.80 will open the way to the test of the support at $22.60. If silver declines below this level, it will head towards the support at $22.30.

On the upside, silver needs to stay above the 50 EMA to have a chance to gain upside momentum in the near term. The nearest resistance level is located at $23.20.

If silver climbs back above $23.20, it will gain additional upside momentum and head towards the resistance at $23.50. A successful test of this level will push silver towards the resistance level at $23.70.

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