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
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
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
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.
This is the third consecutive week of consolidation near the recent trend high of $4.68. The prior two weeks closed in the top half of their ranges, indicating buyers have retained underlying control. Resistance continues near the 88.6% Fibonacci retracement at $4.64. A daily close below $4.44 would confirm short-term weakness and a three-day breakdown. Until a decisive breakout above $4.69 occurs, risk of continued consolidation or a deeper bearish correction remains. Below the recent $4.24 swing high lies the June $4.15 swing high, then the 38.2% retracement at $4.00 and 50% level at $3.79.
Overextended Advance
Although buyers have kept a degree of control in recent weeks, the sharp slope of the advance since the October interim swing low—up as much as $1.80 or 62.1% to the recent high—matches the 63.9% gain from the January $2.99 low to the March $4.90 peak, which was followed by a multi-month correction. The RSI has begun retreating from overbought territory, leaving natural gas vulnerable to a corrective pullback.
Outlook
The 20-day average at $4.37 is the critical pivot. Holding above it keeps upside potential alive toward $4.69 and higher; a decisive drop below opens $4.24–$4.15 initially, with deeper support at the measured retracements. Until the $4.69 high is cleared, consolidation or correction risk stays elevated.
For a look at all of today’s economic events, check out our economic calendar.
Gold (XAU/USD) is trading practically flat on Tuesday, holding most of the gains taken on Monday. Price action remains capped below the $4,150 area, yet with downside attempts contained above a previous resistance, at $4,100, as growing hopes that the Federal Reserve will cut interest rates in December are hurting the USD.
Fed Governor Christopher Waller called for an interest rate cut in December at a Fox Interview on Monday, echoing Friday’s comments by the New York Fed President John Williams, who said that a December rate cut was possible. This has increased pressure on US Treasury yields, acting as a headwind for US Dollar rallies.
Technical Analysis: A break of $4,150 confirms a trend shift
XAU/USD 4-Hour Chart
Gold is consolidating gains above a previous resistance area at $4,100 on Tuesday, after bouncing from the 78.6% Fibonacci retracement of the early November rally, near $4,000, a common target for corrective moves.
The 4-Hour Relative Strength Index (RSI) is consolidating above the 60 level, and the Moving Average Convergence Divergence (MACD) has crossed above the 0 level and is printing green bars on the histogram, revealing a moderate bullish momentum.
A break above the mentioned $4.150 area (Intraday high, November 13 low), would confirm that the correction from the $4,250 area has completed, and bring the November 14 high, at $4,210, to the focus, ahead of the mentioned November peak, at $4,245.
A bearish reaction below $4,100, on the contrary, might increase pressure towards the November 21 and 24 lows, in the area between $4,020 and $4,040 ahead of the November 18 and the, $4,000 psychological level.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.
We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.
The expected trading range for today is between $4.9500 and $5.2000
Silver (XAG/USD) holds steady around the $51.45 region during the Asian session on Tuesday, nearly unchanged for the day. Meanwhile, the broader technical setup favors bullish traders and backs the case for an extension of the recent bounce from a two-week low, around the $48.65-$48.60 zone, touched last Friday.
On the 4-hour chart, the XAG/USD stands above the rising 200-period Exponential Moving Average (EMA), currently pegged around the $49.35-$49.30 region, which supports the recovery and keeps the near-term bias pointing higher. Furthermore, the Moving Average Convergence Divergence (MACD) rises above the Signal line and sits in positive territory, while the histogram expands positively, suggesting strengthening bullish momentum.
Meanwhile, the Relative Strength Index (RSI) on the said chart stays above its midline and is mildly bullish, consistent with an upswing. This reinforces an improving tone and favors upside extension while the XAG/USD holds above the trend base. The white metal seems poised to surpass the $52.00 mark and climb further towards last week’s swing high, around the $52.45 zone, before aiming towards reclaiming the $53.00 round figure.
On the flip side, pullbacks below the Asian session low, around the $51.00 mark, would stay contained and attract fresh buyers ahead of the $50.00 psychological mark. A convincing break below the latter could drag the XAG/USD to the 200-EMA, around the $49.30 region. A decisive break below the said EMA anchor would soften the outlook, whereas holding above it could pave the way for further gains in the 4-hour space.
(The technical analysis of this story was written with the help of an AI tool)
Silver 4-hour 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.
