Silver Price Analysis: Bears await their premium
25.07.2023, 21:25

Silver Price Analysis: Bears await their premium

  • A correction into Silver's Fibonacci scale is underway.
  • A break of $24.1062 opens risk of a move into test $23.0000 and below. 

Silver traded positively ahead of the Federal Open Market Committee announcement on Wednesday where it is widely expected to hike 25bp.

''A follow-up hike is partially priced in over H2, but we think tomorrow will be the last hike this cycle. That said, we also expect the FOMC statement and Fed Chair Powell’s press conference to err on the hawkish side where he may re-iterate that back-to-back rate rises are on the table if required. Crucially, he needs to stress that fed funds will remain elevated for an extended period to squeeze inflation,'' analysts at ANZ explained ahead of the event. However, signs that inflation is abating have seen investors increasingly bet on interest rates peaking soon which could be a positive outcome for the precious metals. 

Meanwhile, from a technical perspective, Silver could be about to collapse as follows:

Silver daily chart

The price came into the old resistance area and has been rejected leaving an M-formation on the charts. 

A correction into the Fibonacci scale is underway, but there could be resistance through a 50% mean reversion. A break of $24.1062 opens risk of a move into test $23.0000 and below. 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik