The EURJPY pair began this morning with new positive trading, attempting to settle above 186.00, to increase the efficiency of the previously suggested trend, while gathering extra positive momentum makes us expect its rally towards 186.65 level, attempting to resume the bullish trend, reaching the next main target near 187.35.
The failure of confirming the breach will increase the chances of forming temporary corrective waves, to attempt to reach 185.40, to test the main support at 184.80 before any attempt to record the previously suggested targets.
The expected trading range for today is between 185.50 and 186.60
Platinum price updates for Kakinada show the current rates as ₹0 (10g),
₹0 (100g), and ₹0 (1kg). Over June, prices changed
frequently. The 100g rate peaked at ₹5,95,300 and dropped to
₹0. For 1kg, it fluctuated between
₹0 and ₹59,53,000.
The cost of platinum is influenced by mining output, global market demand, and
geopolitical stability. Industrial reliance—mainly in cars and electronics—drives
additional volatility. Shifts in currency, especially the US dollar, as well as
macroeconomic indicators like inflation and interest rate policies, strongly shape its
pricing.
Explore the latest platinum price insights for Palani. As of now, platinum trades at
₹0 per 10g, ₹0 per 100g, and ₹0 per kg. In
June, prices shifted significantly. For 100g, the max was
₹5,95,300, and the min was ₹0. The
1kg rate fluctuated between ₹0 and
₹59,53,000.
Platinum pricing depends on mining output, worldwide demand, and political factors.
Heavy industrial use, particularly in automotive and electronic sectors, creates
significant market pull. Exchange rate shifts—most notably the US dollar—along with
inflation and central bank policies, directly affect the metal’s financial performance.
Stay informed on platinum price trends in Tiruvannamalai. Today’s rates stand at ₹0
for 10g, ₹0 for 100g, and ₹0 for 1kg. In June, platinum
saw fluctuations. The highest rate for 100g touched ₹5,95,300,
and the lowest fell to ₹0. For 1kg, prices ranged from
₹0 to ₹59,53,000.
Global supply chains, mining rates, and geopolitical issues are major drivers of platinum
prices. Demand from the auto and electronics industries adds pressure. Exchange rate
movements, especially against the US dollar, combined with inflation trends and central
bank strategies, contribute significantly to changes in platinum’s market price.
The bullish set up is simple. Hold the 200-day moving average, produce enough upside momentum to overtake $4481.78 and take a run at the 50-day moving average at $4630.16, which has been capping gains since late March.
The bearish set up requires the long-term traders to pull their bids at or under the 200-day moving average. This could trigger a fast break into the minor bottom at $4366.23. If this price is taken out with conviction and heavy volume, prices could collapse hard. There is no major support until $4099.12.
What to Watch
The May Nonfarm Payrolls report is the gate for Spot Gold (XAUUSD). Consensus at 80,000 jobs is already a slowdown from April’s 115,000. Goldman Sachs, EY-Parthenon, and Vanguard are all below that. The labor market data around the edges, quits rate at a four-year low, Challenger layoffs at post-pandemic highs, jobless claims climbing, all say the weakness is already there. If it shows up in this morning’s print the rate-cut trade comes back and gold gets the bid.
The problem is crude oil. Spot Brent crude oil gained nearly 3% this week and the Strait of Hormuz is still restricted. As long as energy costs stay elevated Cleveland Federal Reserve President Beth Hammack and the rest of the committee have cover to stay restrictive. Gold needs weak jobs and falling crude oil at the same time to break out of the range it has been stuck in.
The 200-day moving average at $4,428.44 held again early Friday. A sustained hold above $4,481.78 shifts the tone bullish and targets the 50-day moving average at $4,630.16. A break below the 200-day opens the door to $4,366.23 and there is nothing major between there and $4,099.12.
If you’d like to know more about how to trade gold, please visit our educational area.
Check daily platinum price movements in Pondicherry. As per the latest rates, 10 grams of
platinum costs ₹0, 100 grams ₹0, and 1 kilogram
₹0. Platinum prices in June were volatile, with highs of
₹5,95,300 and lows of ₹0 for 100g.
The 1 kg price moved between ₹0 and
₹59,53,000.
Platinum’s value is impacted by supply and demand, geopolitical situations, and mining
production. Industrial applications, notably in automotive and electronic manufacturing,
drive further fluctuations. Currency volatility—especially the US dollar—along with
inflation, investor confidence, and monetary policy decisions also influence platinum
pricing.
Silver (XAG/USD) price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79 on Friday, as the white metal registers a daily loss of nearly 8% and is poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.
XAG/USD Price Forecast: Technical outlook
Silver has extended its losses this week, hitting a nine-week low of $68.03, as sellers target the 200-day SMA. Momentum, as measured by the Relative Strength Index (RSI), shows that sellers are in charge as the index approaches oversold territory.
If XAG/USD tumbles below the 200-day SMA, the next area of interest would be the March 23 swing low of $61.01, ahead of the psychological $60.00 mark. Below this area, the next support would be the November 13 low, which turned into support at $54.39.
For a bullish reversal, Silver’s first resistance is the $70.00 mark. Above this level, the next resistance is the May 28 low-turned-resistance at $71.79, followed by the psychological $75.00 level. A breach of the latter will expose the 50-day SMA at $76.17.
XAG/USD Price Chart – Daily
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.
Oil prices have fallen back from recent highs, with OIL/USD trading near $90.54 after reaching $95.32 earlier this week. However, Rabobank believes the market is underestimating the severity of the ongoing energy supply disruption.
Image: Oil USD 1 day chart 06 06 2026
The bank now expects the Strait of Hormuz to remain effectively closed through the summer, with September viewed as the earliest realistic point for a broader reopening and normalisation of flows.
“We remain skeptical about the futures market’s ability to price the risk of disruption that has occurred in the physical energy markets.”
Rabobank argues that strategic petroleum reserve releases and weaker demand are masking a global supply deficit.
“The world is facing a deficit of more than 11 million barrels per day and we see current prices as misleading.”
The bank is particularly concerned about diesel markets, warning that shortages could become severe during the third quarter.
“Between July and September, our scenario analysis shows that diesel and jet fuel markets will be in crisis levels of shortage in several locations.”
According to Rabobank, the market remains too complacent about the length of the disruption and the time required to restore normal supply chains once a deal is eventually reached.
Image: Oil USD 6 month chart 06 06 2026
Brent Oil Forecast: $140 Peak Still Possible
Rabobank’s central scenario sees Brent crude rising substantially if disruptions persist.
“Brent crude reaches approximately $140 at its peak and sustains above $120 for an extended period in August.”
As a result, the bank has lifted its Q3 2026 Brent forecast to an average of $120 per barrel, while also raising its 2027 forecasts.
Even if the Strait reopens later this year, Rabobank expects shipping bottlenecks, refinery constraints and lost production capacity to keep energy markets tight well into 2027.
Explore the latest platinum price insights for Davanagere. As of now, platinum trades at
₹0 per 10g, ₹0 per 100g, and ₹0 per kg. In
June, prices shifted significantly. For 100g, the max was
₹5,95,300, and the min was ₹0. The
1kg rate fluctuated between ₹0 and
₹59,53,000.
Platinum pricing depends on mining output, worldwide demand, and political factors.
Heavy industrial use, particularly in automotive and electronic sectors, creates
significant market pull. Exchange rate shifts—most notably the US dollar—along with
inflation and central bank policies, directly affect the metal’s financial performance.
The silver market rallied a bit during the early part of the trading session on Thursday as the interest rate market has pulled back just a touch in the United States.
Rates dropping of course does help silver but all things being equal this is a market that will continue to see a lot of back-and-forth behavior, and I also recognize that this is a market that is bouncing around between the $70 level underneath and the $80 level above.
It’s worth noting that the 50-day EMA is also sitting right at the $77.25 level offering a little bit of a short-term barrier as well. That being said one of the biggest problems that the silver market will have is that the bond market will probably be very quiet as well mainly due to the fact that we have the jobs number in America coming out on Friday.
Bond Market Awaits Jobs Numbers
That should continue to be a major issue, and I think all things being equal we probably are waiting to see how the bond market reacts to the jobs numbers because of course it will have such a major influence on a non-yielding asset such as silver.
Ultimately this is a market that I think will continue to be noisy but if we can break out of this $10 range it opens up the possibility of a move to the $90 level or possibly the $60 level based on a breakout. As things stand right now though we’re just held hostage by the bond market which of course continues to watch the Middle East and tomorrow we’ll be watching jobs.
Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions
As seen on:Pairs Of Aces Podcast,The Trader Guy, FXEmpire
