Category: Forex News

Gold, Silver, Copper Daily Forecast: Powell’s Rate Hints Push Metal Up; Buy Now?

Silver edged higher by 0.06%, trading at $24.30. The metal’s trading pattern reveals a subtle uptick, anchored by a pivot point at $24.24. This pivot delineates the immediate battleground for bulls and bears. Resistance levels are staged at $24.53, $24.82, and $25.09, each marking a potential ceiling for price ascents.

Conversely, supports are established at $24.01, $23.69, and $23.33, providing floors that could stem any declines. With the 50-Day and 200-Day Exponential Moving Averages at $23.54 and $23.07 respectively, an upward channel is in play.


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