Despite the weakness of copper prices in the last period, its stability within the main bullish channel’s levels, and holding above $4,7500, supports the chances of renewing the bullish attempts, to settle near $5.0500.
Facing the barrier at $5.2000 by the main indicators confirms the importance of surpassing it to open the way for recording extra gains that might begin at $5.3200 and $5.5000.
The expected trading range for today is between $4.9500 and $5.2000
Despite the weakness of copper prices in the last period, its stability within the main bullish channel’s levels, and holding above $4,7500, supports the chances of renewing the bullish attempts, to settle near $5.0500.
Facing the barrier at $5.2000 by the main indicators confirms the importance of surpassing it to open the way for recording extra gains that might begin at $5.3200 and $5.5000.
The expected trading range for today is between $4.9500 and $5.2000
The EURJPY pair is forced to provide weak sideways trading, affected by the contradiction between the main indicators, keeping its stability near 180.80, reminding you that the negative stability below 181.75 barrier forms main factors to motivate the dominance of the bearish corrective trend, to expect the attempt of pressing on 179.40 level, where surpassing it will form next main target at 178.60 for the bearish trading.
While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish trend, to expect recording extra gains by its rally towards 182.30 and 183.05.
The expected trading range for today is between 179.30 and 181.10
Silver price (XAG/USD) extends its three-day recovery move to near $52.00 during the Asian trading session on Wednesday. The white metal strengthens as yields on interest-bearing assets have remained under pressure due to growing expectations that the Federal Reserve (Fed) could reduce interest rates again this year.
At the time of writing, 10-year United States (US) Treasury yields trade flat around 4.00%, but have come down 3.4% in a week.
Lower yields on interest-bearing assets bode well for non-yielding assets, such as Silver.
According to the CME FedWatch tool, the probability of the Fed to cut interest rates by 25 basis points (bps) to 3.50%-3.75% in the December meeting has increased to 85.3% from 50.1% seen a week ago.
Fed dovish expectations have been prompted by comments from New York President John Williams on Friday, which supported the need of loosening monetary conditions further. “I view monetary policy as being modestly restrictive, although somewhat less so than before our recent actions, adding that there is room for a further adjustment in the near term,” Williams said, CNBC reported.
Meanwhile, headlines from Bloomberg stating that White House Economic Adviser Kevin Hasset has emerged frontrunner replacement for Fed Chair Jerome Powell. The entry of one more US President Donald Trump’s candidate, after Governor Stephen Miran, into the Federal Open Market Committee (FOMC) could increase the odds of a faster monetary expansion cycle, given that Trump has been criticizing the central bank, especially Fed’s Powell, over keeping interest rates higher.
Silver technical analysis
In the daily chart, XAG/USD trades at $51.94. The 20-day exponential moving average rises and price holds above it, reinforcing an upward bias and improving trend quality. RSI at 59.15 stays above the neutral midline, confirming positive momentum without overbought pressure. Initial support aligns with the 20-day EMA at $50.40, suggesting dips could remain contained.
The rising average continues to underpin the move, and sustained closes above it would keep the path of least resistance to the upside. If RSI fades toward 50, momentum would cool and the market could shift into consolidation, with pullbacks expected to stabilize around the moving average.
Looking down, the September 23 high of $44.47 would remain a key support. On the upside, the all-time high of $54.50 might act as key barrier.
(The technical analysis of this story was written with the help of an AI tool)
Silver daily chart
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.
The EURJPY pair is forced to provide weak sideways trading, affected by the contradiction between the main indicators, keeping its stability near 180.80, reminding you that the negative stability below 181.75 barrier forms main factors to motivate the dominance of the bearish corrective trend, to expect the attempt of pressing on 179.40 level, where surpassing it will form next main target at 178.60 for the bearish trading.
While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish trend, to expect recording extra gains by its rally towards 182.30 and 183.05.
The expected trading range for today is between 179.30 and 181.10
The EURJPY pair is forced to provide weak sideways trading, affected by the contradiction between the main indicators, keeping its stability near 180.80, reminding you that the negative stability below 181.75 barrier forms main factors to motivate the dominance of the bearish corrective trend, to expect the attempt of pressing on 179.40 level, where surpassing it will form next main target at 178.60 for the bearish trading.
While breaching the mentioned barrier and holding above it will increase the chances of resuming the main bullish trend, to expect recording extra gains by its rally towards 182.30 and 183.05.
The expected trading range for today is between 179.30 and 181.10
The British pound is showing signs of life again as climbs to 1.3197, breaking above short-term moving averages and posting its strongest bullish daily momentum in weeks. With RSI crossing above the neutral 50 mark and price pushing through resistance, traders are asking whether this rebound marks the beginning of a larger recovery — or just another short-lived bounce in a broader downtrend.
The 15-day (1.3141) and 20-day (1.3132) moving averages have flattened, and price has broken above both, signalling short-term bullish momentum.
Recent candles show strong follow-through, a departure from the sluggish, weak rallies earlier in the month.
The RSI (14) at 50.79 has climbed back above the midpoint — often an early indicator of a momentum shift.
While the broader trend over the last two months remains down, the recent structure suggests a potential base forming near 1.31, especially if upside continuation holds.
Macro Drivers: Pound Rebounds as Dollar Softens
GBP/USD’s recovery is influenced by shifting macro conditions:
Pound-Supportive Factors
Improved risk sentiment across global markets
Stabilizing UK economic data, particularly in services and employment
Reduced the odds of deeper recession talks from UK analysts
Dollar Dynamics
The US dollar has cooled as Treasury yields stabilize
Traders increasingly speculate that the may have reached peak tightening
Demand for USD safe-haven flows has softened
This combination has allowed the pound to gain breathing room after weeks of pressure.
A breakout above 1.3230 would cement the bullish reversal and likely drive a move toward 1.3300.
But a drop back below 1.3150 weakens the rebound and puts 1.3100 back into play.
Sentiment Check: Traders Are Watching for Confirmation
Retail traders have begun lightly rotating into GBP longs
Institutional flows remain cautious but no longer aggressively bearish
GBP volatility readings have ticked lower, hinting at stabilization
Traders are waiting for follow-through above 1.3230 to confirm a meaningful shift.
The pair is showing real signs of stabilization, backed by improving technical momentum and a softer USD backdrop. But the pair still needs to break out above resistance to confirm a full trend reversal.
Bullish Scenario: A close above 1.3230 opens a path toward 1.3300–1.3350.
Bearish Scenario: A drop back below 1.3150 puts the pound at risk of falling toward 1.3100 again.
Right now, the pair is in recovery mode — but not yet in a confirmed uptrend.
UBS increased its 2026 copper price forecast due to reduced supply from mine disruptions, notably at Freeport Indonesia’s Grasberg mine, and robust long-term demand.1
The U.S. Supreme Court’s 2024 ruling in Murray v. UBS lowered the standard for financial whistleblowers, prompting a U.S. appeals court to revive a related lawsuit on whistleblower protections.2
Meanwhile, US economic data and FOMC members have fueled speculation of a December Fed rate cut, signaling a potential narrowing of US-Japan rate differentials, and favoring the yen. Monetary policy divergence could materially alter USD/JPY’s recently bullish trajectory, placing a greater emphasis on incoming data.
Japan Leading Economic Index in Focus
On Wednesday, November 26, Japan’s Leading Economic Index (LEI) will provide insights into business and consumer sentiment at the end of the third quarter. Economists expect the LEI to rise from 107.0 in August to 108.0 in September.
A higher LEI reading could point to increased business investment and higher wages, aligning with updates from wage negotiations. Crucially, higher wages could boost households’ purchasing power, leading to higher spending and rising demand-driven inflation. Furthermore, improving consumer sentiment may also translate into an upswing in private consumption.
For context, the LEI dropped to 104.2 in April, its lowest level in two years before edging higher. LEI trends reflected trade developments. These trends suggest a September pickup, given that the US lowered tariffs on Japanese goods to 15% in September. The softer yen could also lift sentiment, given that USD/JPY strength would offset the effect of tariffs on company profit margins.
Airbnb (ABNB) saw a slight uptick in its latest intraday trading, even as the stock continues to face negative pressure while trading below its 50-day simple moving average. The medium-term downtrend remains dominant, with the price moving along a descending trendline. These recent gains appear to be an attempt to recover part of its previous losses, while the stock also works on easing its clear oversold conditions on the Relative Strength Indicators, especially as early positive signals begin to appear.
Therefore, we expect the stock to decline in the upcoming sessions, as long as it remains below $117.30, targeting the support level at $105.40.
