The XAG/USD tapped into a fresh high for the week near $22.14 after the US Federal Reserve's (Fed) latest meeting minutes release shows the US central
XAG/USD taps a new one-week high after US
minutes land meekly. Silver spot has an opportunity to extend a near-term rebound. Downside risks remain as US inflation fears continue to be a thorn in the side of precious metals. bank stuck in the middle, holding steady on rates but seeing several inflation risks in the future. Spot Silver has seen a moderate recovery and is trading north of $22.00, though XAG/USD still has a lot of ground to recover after tumbling nearly 13% peak-to-trough from September's peak of $23.77.
minutes: Members agreed rates should stay restrictive for some time With the Fed's meeting minutes landing with barely a whisper, markets will be turning eyes ahead to Thursday's US Consumer Price Index data release, where headline CPI inflation is expected to tick down slightly from 3.7% to 3.6% for the annualized period into September. US annual PPI rises 2.2% in September vs. 1.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Analysis: XAG/USD retreats from one-week high, seems vulnerable below $22.00Silver comes under some renewed selling pressure on Tuesday and for now, seems to have snapped a two-day winning streak to a one-week high, around the
Read more »
Silver Price Analysis: XAG/USD turns choppy below $22 as focus shifts to US Inflation dataSilver price (XAG/USD) trades sideways below $22.00 and seems gathering strength for a fresh upside as Middle East tensions have improved appeal for t
Read more »
Silver Price Analysis: XAG/USD dips below $22 as bearish harami pattern loomsSilver price (XAG/USD) loses some of its bright, retreats from around weekly highs of $22.01 and is back below the figure, exchanging hands at around
Read more »
Silver Price Analysis: XAG/USD strengths beyond $22.00 mark, over one-week highSilver regains positive traction following the previous day's modest fall and climbs to over a one-week high during the early part of the European ses
Read more »
Silver Price Analysis: XAG/USD jumps to near $22 despite US PPI rises beyond expectationsSilver price (XAU/USD) extended upside to near $22.00 after the release of the surprisingly hotter Producer Price Index (PPI) report for September. Th
Read more »
Gold (XAU/USD), Silver (XAG/USD) Latest – Haven Bid, Lower US Bond Yields Fuel Move HigherGold and silver continue to move higher as flight-to-safety flows and lower US Treasury yields provide fertile ground for the precious metals
Read more »