Ready to Get Started?
Start here. Join over 12M Libertex users around the world!
Silver (XAG/USD) still struggling for traction
Since the last update here on Silver it has been struggling to make any lasting progress so far this week. Indeed, it has not yet made it back above $60 per ounce. In the last update on the metal we noted how it had interim support around $55 ahead of truly major support around, or just below $50.
Silver has yet to recover back above $60 this week and the high seen has been set at $59.67. Last week it did top that $60 handle, peaking at $60.76 on Friday. The low seen this week has been set this morning, at $56.56. That is the lowest since it found a base on June 26, at $55.71. That price point is clearly still on the radar this week. The high seen earlier today was set at $57.92. Silver is currently trading at $56.72
Market News
All News-
GBP/USD continues to lose ground after Rachel Reeves resigns
Earlier this afternoon the UK Chancellor, Rachel Reeves resigned from her post as UK Chancellor. This was not exactly a surprise to anyone in the...
-
Nasdaq 100 opens higher- can it hold the gains?
The Nasdaq 100 closed on Friday at 28,592. It has just this minute reopened officially at 28,871, which is gain of almost 300 points on the opening...
-
GBP/USD waiting on Burnham pick for Chancellor
Earlier this morning we noted how the GBP/USD had stalled on the topside during the Asian session, at 1.3481. Well, since then it pushed back close to...