|Day's Range||15.35 - 15.605|
|52 Week Range||15.3500 - 15.6050|
Silver markets pulled back a bit during the trading session on Monday and what would have been thin trading due to the Martin Luther King Junior holiday. That being the case, I don’t read too much into the negativity and I do think that there is plenty of support below.
Gold continues to trade positive supported by steady demand from European markets as investors remain cautious over ongoing political debacle and Brexit proceedings.
The gold prices have pulled back in the Friday’s session, reaching down to the $1280 level which is offering a bit of support. The market will continue to be bullish in the long term as the Federal Reserve is likely to go easy on rate hikes. The silver market has entered a bearish territory of the trend by breaking below the supportive $15.50 level.
Investing.com - Gold prices fell on Monday to their lowest level of the year, as investor appetite for risk held up despite data showing China's 2018 economic growth slowed to a near three-decade low.
Investing.com - This week precious metals traders will be monitoring trade talks for signs of a resolution in the U.S.-China trade dispute, while concerns over the economic impact of the U.S. government shutdown and uncertainty over Brexit will also remain in focus.
The Silver markets turned around during the week, breaking towards the $15.50 level. However, it should be noted that we are at the 50% retracement level based upon the explosive breakout, so I think this is simply value offering itself.
Silver markets pulled back to finish the week, breaking towards the 20 day EMA, and of course a major Fibonacci retracement level. Because of this, and the subsequent bounced later in the session, I think that value hunters are starting to come back.
Investing.com - Palladium's rally has spawned calls for record highs above $1,500, but the auto-catalyst metal may run out of gas first and fall into a range for a while, just like gold.
Gold managed to retain foothold above $1280 handle but faced sharp losses as renewed risk appetite in the broad market on hopes of a positive outcome in Sino-U.S trade talks.
The gold prices continued to move back and forth during the Thursday’s trade session, as it is struggling to break above from the important $1290 level, which is holding the gold prices. The 20 Day EMA underneath should offer support and will be a nice trading opportunity. A break above $1300 level would be a significant move and will bring back more buyers into the market. …Read MoreSilver
Silver markets pulled back a bit during the trading session on Thursday, as we approach the 20 day EMA. This of course is a supportive moving average, and an area where I think a lot of people will be interested in the markets.
Investing.com - The lure of palladium and its importance to the auto sector is greater to precious metals investors than the shine of gold and the hedge the yellow metal offers to the world's political and financial troubles.
Safe haven demand sustains gold bulls as headlines continues to inspires risk averse trading activity in major global markets.
Investing.com - Gold prices dropped on Thursday on hopes of a thaw in U.S.-Sino relations and on increasing hopes that a 'hard Brexit' scenario can be avoided.
The gold prices were stable during Wednesday’s session, hovering around the $1290 level. The silver market is now testing the $15.50 level support underneath and also the 20 Day EMA is offering support to the silver prices. If the silver prices break below the $15.50 level, then it could possibly break down towards the $15 level but the weak sentiments around the USD will continue to push higher.
Silver markets continue to go back and forth, pulling back a bit during the trading session on Wednesday. However, we are starting to see support around the $15.50 level, and of course we have the 20 day EMA below offering support.
Investing.com - The U.K.'s political and economic problems and a no-confidence vote on Prime Minister Theresa May after her failed Brexit deal vote are keeping alive gold bugs' hopes of recapturing highs of above $1,300 per ounce, even as China's attempts to steady its economy tamp down safe havens.
Proceedings in UK surrounding brexit and PM may continue to inspire caution in already weak European market plagues by political and economic woes which underpin demand for safe haven asset.
Investing.com - Gold prices ticked higher on Wednesday, trading just below a seven-month high as sentiment in financial markets remained fragile on heightened worries over political instability in the U.K. and the U.S.
The gold prices are continuing its move around the $1290 level as it is facing extreme resistance in breaking above the psychologically important $1300 level. If it breaks above the $1300 level, then it can reach towards the $1400 level in the long term, with some selling at every $25 until it reaches there. The $1250 level underneath is strong and hard support for the market and is unlikely to breach. …Read MoreSilver
The silver market went back and forth during the trading session on Tuesday, as we continue to see a lot of noise. The silver market will continue to be very noisy, but I do think that we are winding up for a bigger move.
Gold trades in red on profit booking activity and high risk appetite but downside was limited owing to caution surrounding brexit.
Investing.com - Gold prices rose slightly on Tuesday as the first drop in factory gate inflation in four months reinforced the argument that the Federal Reserve should pause on monetary policy tightening, on a day when three of the central bank's top officials are due to speak in public.
The gold prices during Monday’s session was bit stable and did not break out above. The silver prices were mostly stable during yesterday’s session, trading around the $15.60 level. The $15.50 level underneath is a strong support point and break below could lead to market breaking towards the $15 level.