21
05, 2026
21
05, 2026
Copper price is taking advantage of the initial support– Forecast today – 21-5-2026
Copper price took advantage of the initial support near $6.1000 by forming positive rebound, to settle near $6.2500 level, attempting to delay the previously suggested corrective trend, the continuation of forming extra barrier at $6.3800 level might force the price to renew the corrective attempts, to press on $6.1000 level breaking it will extend the trading towards $5.5900 reaching $5.8000 level.
While surpassing the barrier and holding above it will confirm its readiness to renew the bullish attempts, attempting to reach $6.5400 initially, which might record historical targets by its rally towards $6.7300.
The expected trading range for today is between $6.000 and $6.3500
Trend forecast: Bearish
21
05, 2026
21
05, 2026
Platinum price repeats the negative closes– Forecast today – 21-5-2026
Copper price took advantage of the initial support near $6.1000 by forming positive rebound, to settle near $6.2500 level, attempting to delay the previously suggested corrective trend, the continuation of forming extra barrier at $6.3800 level might force the price to renew the corrective attempts, to press on $6.1000 level breaking it will extend the trading towards $5.5900 reaching $5.8000 level.
While surpassing the barrier and holding above it will confirm its readiness to renew the bullish attempts, attempting to reach $6.5400 initially, which might record historical targets by its rally towards $6.7300.
The expected trading range for today is between $6.000 and $6.3500
Trend forecast: Bearish
21
05, 2026
XAG/USD Price Forecast: Silver struggles below key moving averages amid hawkish Fed bets
Silver (XAG/USD) remains under pressure on Tuesday as a stronger US Dollar (USD) and rising US Treasury yields continue to weigh on the precious metal amid growing expectations that the Federal Reserve (Fed) may need to raise interest rates to tackle rising Oil-driven inflation pressures. At the time of writing, XAG/USD is trading around $74.76, down more than 3.5% on the day after hitting an intraday low near $73 earlier in the day.
US-Iran negotiations remain deadlocked over disagreements surrounding Tehran’s nuclear program, while the Strait of Hormuz remains largely closed. US President Donald Trump said on Tuesday that military action against Iran could resume within the next few days or by early next week if no agreement is reached.
The ongoing uncertainty is keeping the US Dollar supported, with the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, hovering near more than one-month highs around 99.33.
Meanwhile, hawkish Fed expectations continue to push US Treasury yields sharply higher, with the benchmark US 10-year Treasury yield climbing to a 16-month high near 4.687% on Tuesday, while the US 30-year Treasury yield rose to around 5.197%, its highest level since July 2007. Higher yields increase the opportunity cost of holding non-yielding assets such as Silver.
According to the CME FedWatch Tool, traders now see nearly a 32% probability of a 25 basis point (bps) Fed rate hike at the October meeting, rising to around 40% for December.
Technical Analysis:
On the daily chart, XAG/USD holds a mildly bearish near-term bias as it sits below the short-term trend defined by the 50-day Simple Moving Average (SMA) at $76.60 while remaining above the longer-term 200-day SMA at $65.40.
The 100-day SMA at $81.28 strengthens the overhead supply zone, suggesting rallies face increasing headwinds, while the Relative Strength Index (RSI) around 45 leans soft but not oversold, and the Moving Average Convergence Divergence (MACD) has slipped back below zero, hinting that bullish momentum has faded.
On the topside, initial resistance is located at the 50-day SMA near $76.60, ahead of the 100-day SMA near $81, with a more distant cap at the horizontal barrier around $90.00.
On the downside, first support emerges at the $70.00 horizontal level, followed by the 200-day SMA at $65.40, with a deeper cushion near the longer-term floor around $55.00 if selling pressure accelerates.
(The technical analysis of this story was written with the help of an AI tool.)
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
21
05, 2026
GBP/USD Forecast: Pound Sterling Falls after Sharp Inflation Slowdown
– Written by
David Woodsmith
STORY LINK GBP/USD Forecast: Pound Sterling Falls after Sharp Inflation Slowdown
The Pound US Dollar (GBP/USD) exchange rate traded on the back foot on Wednesday following the release of the UK’s latest inflation figures.
At the time of writing, GBP/USD was trading at around $1.3385, marginally lower than the opening levels seen earlier in the session.
The Pound (GBP) struggled for momentum on Wednesday after UK inflation data fell short of expectations.
Figures published by the Office for National Statistics showed headline inflation slowed from 3.3% to 2.8% in April, missing forecasts for a smaller decline to 3%.
Core inflation also eased more sharply than expected, slipping from 3.1% to 2.5%, compared to market expectations for a reading of 2.6%.
Analysts attributed much of the slowdown to the reduction in the UK energy price cap last month, although many warned that rising geopolitical tensions in the Middle East could still fuel inflationary pressures later in the year.
The softer inflation figures, combined with the weak UK labour market data released earlier in the week, prompted investors to scale back expectations that the Bank of England (BoE) will raise interest rates in the near term.
Save on Your GBP/USD Transfer
Get better rates and lower fees on your next international money transfer.
Compare TorFX with top UK banks in seconds and see how much you could save.
The US Dollar (USD) found moderate support during Wednesday’s session as cautious market sentiment boosted demand for safer assets.
Investor nerves remained frayed by ongoing uncertainty surrounding relations between the US and Iran.
Although hopes for a diplomatic resolution have not completely faded, reports of renewed tensions and continuing disagreements over access through the Strait of Hormuz kept traders wary.
Still, gains in the ‘Greenback’ were somewhat restrained ahead of the release of the latest minutes from the Federal Open Market Committee’s most recent policy meeting later in the evening.
Near-Term GBP/USD Forecast: Weak UK PMIs to Extend Sterling Losses?
Looking ahead to Thursday, the Pound to US Dollar (GBP/USD) exchange rate could remain under pressure with the publication of the UK’s latest PMI surveys.
Should the preliminary May data point to weaker growth across the UK private sector, expectations for further BoE tightening may continue to fade, leaving Sterling vulnerable to additional losses.
Meanwhile, the latest US S&P PMI releases may also influence movement in the US Dollar. Although they tend to have less impact than the ISM surveys, any signs that business activity in the US economy remains resilient could lend further support to the ‘Greenback’.
International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.
TAGS: Pound Dollar Forecasts
21
05, 2026
Forecast update for EURUSD -20-05-2026.
The price of natural gas continued forming bullish waves, holding near the first target at $3.150. Despite the divergence in key indicators, the overall stability above the $2.620 support level supports maintaining a bullish bias.
This reinforces expectations that the price may soon retest the resistance at $3.250, with a potential breakout opening the way for continued upward movement in the near to medium term, targeting $3.520 as the next main objective.
However, failure to break above resistance may lead to mixed trading, with a possibility of downside pressure pushing the price toward $2.850 and then back to the previously mentioned support level.
The expected trading range for today is between $2.950 and $3.250
Trend forecast: Bullish
20
05, 2026
EUR/USD, GBP/USD and USD/JPY Forecasts – US Dollar Slows Down on Wednesday
The British pound also fell early during the session, but it looks like the 1.34 level is trying to hold the pair up.
We are sitting right around the 200-day EMA that could come into the picture and if we rally from here, we could see a move towards the 50-day EMA. But if we were to break down below the bottom of the trading session up to now on Tuesday, it could send this market down to the 1.33 level.
Ultimately, this is a market that I think continues to be very noisy around the 200-day EMA and with a significant amount of chop, I think if you start to look at this through the prism of short-term charts, I don’t think we’re ready for a big move. We are just sitting right in the middle of what I think is a 200-pip range.
USD/JPY Technical Analysis
20
05, 2026
Copper price keeps moving negatively– Forecast today – 20-5-2026
USDCHF rose during recent intraday trading, breaking above the resistance level at 0.7885, which represented a price target in our earlier analysis. The pair is now moving within a short-term corrective bullish trend, supported by a rising trendline, while remaining above its EMA50, which continues to provide positive dynamic support.
However, relative strength indicators are beginning to show negative signals after reaching overbought levels, which may limit the speed of further gains in the near term.
20
05, 2026
EUR/USD Forecast Today 20/05: Breaks Below EMA (Video&Chart)
-
The Euro has fallen to break down below the 200-day EMA on Tuesday as interest rates continue to be a major driver of where we go.
-
The US 10-year yield is now above 4.67%, which is extraordinarily high compared to recent years and with that being the case it makes sense that the US dollar will strengthen.
The Euro of course is suffering at the hands of the potential for a lack of energy in the European Union if the situation in the Middle East continues to be a problem.
By breaking below the 200-day EMA we have seen a decided negative shift in the EUR/USD market and it looks like we could go down to the 1.15 level, possibly even the 1.14 level.
Watching the Potential Ceiling
The market has previously been bouncing around in a range that is supported at the 1.14 level, so it does make sense that we might try to get down there. The 1.1850 level above is a significant barrier and something that we need to watch very closely as the potential ceiling.
We’re basically just breaking down below the fair value area if you will and as a result I think we’ve got a situation where the US dollar just continues to outwork everything else and that of course will include the Euro.
I’m not looking for a meltdown here, but I do believe that given enough time the Euro will reach to the bottom of this range unless something drastic happens where the Strait of Hormuz suddenly gets opened and even then, we’ve got some rocky road ahead of us.
Ready to trade our EUR/USD daily forecast? Here’s a list of some of the top forex brokers in Europe to check out.
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.
As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire